The Sun.
London, England, 1867-05-13 00:00:00

THE SUN, LONDON, MONDAY EVENING, MAY 13, 1867.

H E CITY OFFICES COMPANY
o.tot,d).

N't /TICE F. RP:RI:11Y IV EN, that at a 3teetlng of the
Voard a CALL of .t:5 per share h been made tilt day on
the ,-hares f ths Company. payable on the 20 h June next,
at the London and CoJnty Bank, Ao. 21, Loutbatd-street,
London.

By order,
0. W. P,ENWELL, Secretary.
Palmerston-buildlngs, Old Broad-street, -
London, May 9, )E97.

iANIC OF BRITISH NORTH AMERICA.
11:1 !incorporated by Royal Charter).
The Dtrertorat ct the Wank of o, th Arne lea DO
IT I.: ItY GIVE NOT IC E, that the Y it LY G • IN
M 0:E fl N G at Proprietors wall b, helo pursnaq t to the Deed
of Settlement, on TIio:SDAY, the 4th June nest, at the
London Tavern, lahops,zate-street, at tine o elo,k precisely,
when the Eta etton of Three D.reet.:rs in the ro.nn of those
going out by the provisiona of the Deed will take place.
By order of the Court,
C. M'NAB, Secretary.
124, Bishopsgate-street Within, London,
May 13, 1867.

CLERICAL, MEDICAL, ANI) GENERAL
LIFE ASSURANCE SOCIETY.

BONUS MEETING, 1867.

The Report presented at a Meeting held on the 3d
January last, for the declaration of the EIGIMI BONUS,
showed,

1. As TO THE PROGRESS OP THE SOCIETY,
that, during the quinquennial p3riod which terminated on
the 30th June, 1866,

NEW ASSURANCES for a total sum of £1,518,181,
and yielding £50,497 in Annual Premithus' had been
effected, of which sums the former exceeded by £31,811,
and the latter by £2,392, the corresponding items of any
previous period; that

THE INCO HE had increased from £195,400 to £215,327
per annum; and that
THE ASSURANCE FUND, after plyment of £85,303
on account of Bonus at the last Division, had risen from
£1,422,191 to £1,619,339. -

2. As TO THE FINANCIAL POSITION OF THE SOCIETY.
That the Assets on Juno 30, 1866, were £1,619,539 14 8
And tho Liabilities on the same date ... 1,343,708 19 2

Leaving a surplus of £275,830 15 6

and that, after setting aside £50,000 as a special Reserve
Fund,

THE AVAILABLE PROFIT was £225,830 15s. 6d.,
of which sum £225,000 was recommended for division.

3. As TO THE RESULTS OF THE DIVISION.
That the portion of this sum of £225,000—viz., five-sixths,
or £lB7,soo—which fell to the Assured, would yield a
REVERSIONARY ADDITION TO THE POLICIES
of £272,682, averaging 45 per Cent., or varying, with the
different ages, from 32 to 85 per Cent. on the premiums
paid sinco the last division; and that the

CASH BONUS, which is the exact equivalent of such
Reversionary Bonus, would average 26 per Cent, of the
liko premiums.
The Report explained at length the nature of the In-
vestments and the bases of the Calculations, the results of
which, as above shown, are eminently favourable.

The next DIVISION OF PROFITS will take place in
January, 1872, and Persons who effect NEW POLICIES
BEFORE THE END OF JUNE NEXT will be entitled
at that Division to one year's additional share of Profits
over later Assurers.

Prospectuses, Forms of Proposal; the Report above men-
tioned, and a detailed account of the proceedings of the
Bonus Meeting, can be obtained from any of the Society's
Agents; or of
GEORGE CUTCLIFFE, Actuary and Secretary,
13, St. James's-square, Loudon,

A ESKELL, SURGEON-DEXTIST, author of
"Dental Surgery,' " I'dre DthiListry," " Dental
Anmsthcsia," may be CONSUL l'E D DAILY as hitherto
from 10 to 4 o'clock, at his ONLY re,idence, 8, Grosvenor-
street, Bond-street.

ART rFicIAL TEETH !—For price unequalled.
For use, comfort, and appearan,e unsurpassed.
PAINLESSLY supplied (in a few hours when required) by

Mr. DAY, DENTIST.
2fll, Regent-street (3 doors from the Polytechnic%
Late principal assistant to 111-. 141sKELL, of 8, Grosvenor-

street, W.

DEAFNESS.—The ORGANIC VIBRATOR.—
It fits into the ear, not pews ptible, removes singing
noises in the tiemi, and enables iiCal pereons to hear at public
assemh les. Every other kind or oeari:oz iipriTontent. Nume-
rous lest,mcm ala for inspection -S. and ~. SOLO lONS, 30,
Albemarle-street, Piccadilly.

rrEA IS CHEAPER TITAN EVER.
Is. 28 6 i. per a are the prices at which

PIIILLII'S and CO.
Tea .Merchants, 8, King William street. City, Landon,
are sel•inz gno'l and fine
• 131, kCK TEA.

A. price current post tree 40s worth carlage free to any
Railway ,tlon ce• Mark-t 'ro.vn in the Uui•ed Kingdom.
All goods carriage tree !o all pl7t4 of London.
Obstrve— rIIILLIPS and Co. have no Agents.
• • :intrar.3 are sappded at market prices.

GEOLOG Y.-ELEMENTA.RY COLLEC-
TION-I, to illustrate the New Edition of "Lyell's
Elements of Geology" and facilitat, the important study of
Mineralogy and Geology, can be hag at 2,5, 19, 20, 59 to 509
guineas ; also single Specimens of Minerals, Itoiks, Fossils,
arAl Ite:ent Shells, Geologi tal AIL,s. Hammers. all the recea;
rub-lea:ions, to., of .T. TEgNANT, Iflueralogist to Her
Mak.sty, Ito. Strand, Lon•ion.
Private Instruction is given in Mineralogy and Geology by
Ur. TENNANT, F.G.S., 149, Strand. W.C.

R. SCOTT'S LIVER AND BILIOUS
PILLS.—A NEVER. FAILING RE3IEDY.—Pre-
Jared without any mercurial ingredient, from the recipe of Dr.
oot:, of Biomley, Kent. will be found invaluable to all who
Iffer from bilious and liver complaints, inligestion, wind,
,paean, giddiness, BrAinerms of the eyes, &v. For habitual
votiveness, as a tamily aperient medicine, and as a purifier
/I the blood, they arc truly excellent; mild in their opera-
tion and ‘:,,rcteful to the stomach, they create appe ite, pro-
note digestion, and strengthen the whole nervous system.
Prepared only and s old by W. Lambert, Chemist, g. King
William-street, Uharing-cross. London, and by most drug-
gists, in boxes,ls. lid., and three times the quantity in one,
za. ltd. Be sure to ask for Dr. Scott's Bilious and Liver Pills.
rhe genuine are a square green package. with " William
Lambert." ens-raved the stamp.

THE Fathers of St. Peter's Italian Church have
kindly given the use of the ROOM, Back-hill,
Hatton-garden, in which the meetings of St. Peter's Ca-
tholic Total Abstinence Society are held, for the purpose
of a READING by Mr. SOMERVILLE on the Evening
of May 17 —Subject: Mr. Charles Dickens' " PICKWICK
PAPERS"—in AID of a FUND for the WIDOW and
FAMILY of the late T. E. BRADLEY, Founder of " The
Lamp."

TiCkets, Fourpence each, to be had of Mr. W. D. Scott,
at the Presbytery, Our Lady and St. Joseph's, 170, C ulford-
road, Kingsland, and of Mr. James Duffy, publisher, 22,
Paternoster-row. Also of Mr. Charles M'Carthy and other
members of St. Peter's Catholic Total Abstinence Society.
Doors opened at half-p.tst 8, to commence at a quarter
before 9 precisely. Entrance in Back-hill.

PAINLESS SYSTEM OF DENTISTRY.
Just published, price 3d. Post free four stamps.
TOTAL ABOLITION OF PAIN
H. IN DENTISTRY.
By Messrs. GARRIEL, the old established DENTISTS,
61, LUDGATE- RILL, CI VIC,
56. A itLI:I7-sr it l;w., London.
131, DUKE-31'RP; E I', LIVERPOOL.

A convention of shipbuilders and shipowners was
held at Portland on Tuesday, April 16, to consider the
action taken by Congress for their relief. A comparison
between the provinces and this country, in regard to ship-
building, showed that here the builder is hampered by
everything in the shape of duties, while in the provinces
he is fostered by favourable legislation and aided in pro-
curing every article for his use at the lowest rate. A re-
solution was passed asking Congress to permit the ship-
builders of the country to go to the cheapest market for
the purchase of their materials, and for a steamer to be ad-
mitted free of duty and all Government taxation.

Hartford is probably the richest city of its size in
America. A list of over four hundred citizens is published
who are taxed on over $20,000 of property, and as we all
know the amount for which a rich man is taxed usually
only approximates to what he is really worth. The
heaviest tax-payer is James Goodwin, who is taxed on
$676,801. Mrs. E. H. Colt is taxed on $480,480 ; A. S.
Beckwith's est.►ta on $406,000 ; the Colt arms company on
$430,000 ; E. A. Bulkley on $308,000 ; H. and W. Keeney
on p 06,000 ; Mary A. Warburton on $308,000 ; Hunger-
ford and Cone on $261,000; T. M. Allyn on $252,000;
Charles 11. Brainard on $248,000 ; Sharp's rifle company
OD $226,000; and there are forty others who pay a tax on
over $lOO,OOO.

The Springfield Republican says :—" Our State
Superior Court, as just reconstructed by vacancies and new
appoJulius
liAusmos,
Rock-
well,obi nor
of
dmpgeeint,
ttss Ichiefeilsd j; cu
oos mt
di eso s;pe a.dssaosc Lord,i:followsjustices- In : - S;
e.
MarcusMor-
to n , of Andover; Ezra Wilkinson, of Dedham ; Henry
Vote, of Boston; John P. Putnam, of Boston; Lincoln F.
Brigham, of New Bedford; Charles Devons, jun., of Wor-
cester; Chester I. Reed, of Taunton. The salary of the
chief justice is $3,700, and of the associate justices $3,500;
but a bill is now going through the Legislature raising
those salaries to $4,500 and $4,200 respectively.
The Lowell papers say that many young, enter-
prising men, owners of real estate in that city, are leaving
for the West. Prom other places in New England, we
learn, a great many are following a similar course.
Gas FROM PEAT.---At the Glenn's Falls Gas-
works in Troy, New York, the experiment of substituting
peat for coal in the manufacture of gas has been tried with
considerable success. The Troy Time. says that 150
pounds of dried peat, taken from a bed not more than three
feet below the surface yielded 784 feet of gas, or five and
eighty one-hundredths of gas to the pound, while from the
best coal used at the works the yield of gas does not ex-
ceed four feet and forty one-hundiedths to the pound.
The cost of peat is much lesS per ton than that of the coal
usually employed in the manufacture of gas.

SPIRIT OF TilE PUBLT JOURNALS.

THE " SATURDAY- liKVIEW" ON TILE MONEY-MAR-
KEL—A year .has just passed since the fall of
fittat.cial panic s'iNIIFS. our times
Ov,-Tend, Gurnall Co. commence 1 the worst
have producA. and,
notwithstanding an apiurent abundance of *capital,
the effects of the crisis arc very far from having
.
been worked off. Thos, t couoinists who take into
account. nothing whatever hut the law Of demand
and supply Must be Somewhat trouble .I to explain
the distrust which has lingered so long after the
markets have recovered more than ordinarily favour-
able conditions. Mouey is to he had at three per
cent. or less, the Bank has more bullion than it
knows how to employ, the great majority of rotten
companies and tottering firms must have been
weeded out ; and yet securities of the highest cha-
racter fail to command their ordinary price, and
some which were once thought scarcely inferior to
Consols are now looked upou with a suspicion which
a year ago would not have been applied to the scrip
of the most utterly worthless association. At the
same time, ordinary trade is dull beyond all prece-
dent when the prevailing rate of discount is consi-
dered, and indeed is less vigorous than it was even
in the midst of last year's crisis. There has been
enough of mismanagement, and sometimes of
worse than mismanagement., in railway matters
to account for some of the depreciation of ordi-
nary stocks, but only the continuance of ex-
CCBSliro alarm- could have involved many
thoroughly sound companies in the difficulties which
have been brought about by the disinclination of
the public to renew the debentures which were once
the favourite security of the market. That even
with money as plentiful as, the current rates would
seem to show, it should be impossible for the
soundest scheme. of joint-stock enterprise to be
brought out with success, is perhaps intelligible
enough, in the face of the mass of commercial cor-
ruption disclosed by the proceedings of hundreds of
companies now' happily in course of winding-up.
But the caution that now prevails is as fatal to com-
mercial progress as the reckless spirit which preceded
the crisis, and it almost seems as if the true mean
between foolish credulity and helpless timidity could
never be preserved. It seems as if we were always
either manufacturing the next crisis, or slowly re-
covering tone after the prostration of the last; and
it would probably be quite as easy to judge of the
state of commercial and monetary affairs from no
other data than the severity of the last disturbance,
and the time that has since elapsed, as it is to arrive
at any safe conclusion from a mere know-
ledge of the relative demand and supply of money.
The one happy circumstance of • the present time
is the fact that every month places us further
from the influence which originated all the evils
experience justifies the
ileconsiderableall
l interval of years must
choompepltahinaetd
a of, wli
pass before we need fear the recurrence of the
periodical malady of trade. And of late there have
been some indications of a decided improvement in
the languid tone of commercial affairs. Exports,
indeed, may be less than they were when our
ghtbut this is a matter
their causes slowly ; and
itnrouwbhleicshweerffeecattstlfollow
e i
there is no need to doubt that the present revival
in the money-market, by the restoration of capital,
will in due time produce its full measure of foreign
trade. Whether joint-stock enterprise will ever
recover any vitality until the commencement of a
new epoch of wild speculation is much more doubt-
ful. There are times when no one will touch a share
in a new company, and there are times when any
sort of company, however absurd, can place its
capital without the smallest difficulty; but it is
very. rarely, and only for brief intervals, that the
public has at once the sense.to eschew bubble spe-
culations and the courage to embark in legitimate
undertakings. It is one •of the most lamentable
features of the game of speculation that there is
so little discrimination between good and bad ad-
venturers. Two or three years of extravag ant
gambling lead to a crisis, and are followed by two
or three years of sluggish abstention from a form
of investment which, however discredited by its
abuse, is the backbone of all the great enterprises
of modern tunes. If anything great is done, it is a
compthy that does it. 'lle world is covered with
railways entirely by associated capital, except where
Governments have taken the business of road-mak-
a.
ing and traffic into their own hands. The audacious.
enterprise of uniting England and America by a
telegraphic cable has succeeded through the per-
a stency of a company, or rather a series of com-
panies, and it is well even now, when shares of all
kinds are despised and depreciated, to remember
that no substitute for joint-stock enterprise has
yet been discovered, and the alarm which is the
reaction from the follies of past years is itself
preparing the way for an inevitable reaction
in future. Still it may be long before the waters
that have ebbed can resume their natural level,
and it insist be expected that, of all the forms
of property which have suffered from the crisis,
share-property will be the list to recover the
blow. This is not very material to proprietors who
can wait, with something like certainty that no
sound investment can fail, iu a few years, to com-
mand its market value, and in a few years more to
be again inflated to some extravagant price, in com-
pany with a host- of spurious imitations which will
equally serve the purpose of the next great gambling
crisis. The panic about railway debentures, as it
is for the most part without foundation, ought to
be especially short-lived. The worst of the railway
companies will probably have their affairs adjusted
upon such terms as plundered creditors and deluded
shareholders may find it expedient to agree upon.
Improved financial machinery will avert in future
the pressure which even good companies hare
felt when called upon to pay debentures, the
power of renewing which at will had always
been calculated on ; and as trade revives
and population grows, and the lesson taught by
adversity limit the ambition of Railway Boards, a
period of gradually increasing traffic, and of peace
and goodwillamong neighbouring companies, ought
to last until the universal recovery shall once more
stimulate the spirit of encroachment and specula-
tion. Whether the recovery may in any case be
rapid or slow, it is tolerably certain that, in the
absence of such misfortunes as bad harvests and
foreign wars; trade must improve, railways prosper,
and miscellaneous companies be once more recog-
nised as occasionally within the pale of legitimate
investment. And ther:i is some reason to think
that this improvement will henceforth be less tardy
than it has hitherto seemed. Though in ordinary
times political difficulties at home, and foreign wars
in which we are not engaged, have a comparatively
slight effect on commercial affairs, the dread of
them is a powerful influence at a time when people
are in a state of mind, and look rather at the
gloomy threatenings than the brighter prospects of
the future ; and it has seemed as of late as if the
markets, struggling to recover from their long de-
pression, were kept down from day to day by the
rumours of war abroad, and by agitation at home,
which have been so rife during the present year.
All at once war promises to make way for peace;
even Mr. Walpole's blunders, however pregnant
with future mischief, have failed to produce do-
mestic disturbance; the probability of getting the
awkward Reform business finished this year is
visibly increasing ; and a burst of glorious weather,
just when it was most wanted, encourages the hope
of
seaicnoonary rdethalusually good harvest. Thus all
the influences of the market are for the
moment working in a favourable direction ; and
if this cheerful prospect should continue, it
cannot fail to hasten the recovery from that state of
uneasy stagnation which has survived the symptoms
that originally justified it. It is not to be supposed
that a shock so exceptionally severe as that of last
year can fail to leave its mark upon the country for
some time yet to come; butif we cannot look for
unheard of expansion in trade, with all the apparent
wealth that accompanies a period of inflation,
everything points to steady, if not rapid improve-
ment, and to the restoration of credit upon a basis
a good deal sounder, if somewhat less magnficent,
than that which preceded the year-of collapse.

A DOMESTIC ROMANCE.—On Monday last an in-
quest was held at Sheffield on the body of Samuel Platte,
whose death took place under the following singular cir-
cumstances. About 17 years ago he deserted hig wife and
family, and wont to America. A few years afterwards his
wife was told that'll() had died, and as no tidings were re-
ceived from him it was supposed that this statement was
true. Nothing more was heard of him till lust Thursday
week, when he came to Sheffield from America, and made
himself known to his wife, who was still living, and to his
two children. Since his return he seems to have suffered
a good deal of remorse for having left his wife and family,
and he frequently told his wife that the day for amend-
ment was past. The night after his return home ho was
taken ill, and gradually got worse till the following morn-
ing-, when he died. The result of a post mortent examina-
tion showed that he had died from taking a large quantity
of powdered opium. The jury returned a verdict that the
deceased died from poison administered by himself whilst
in a state of unsound mind.

Mr. Cartier, Attorney-General of Lower Canada,
had an interview with lord Stanley at the Foreign (ghee
on Tuesday last.

OCEAN CABLES.

to
Ile English appe
frbi:in(i, satisfiedtai s n
silo
i
• rThe scientific journals of America are occupied
in discussing an invention of Mr. Thomas Silver
with
teinetly double
increasingbut.
e.
for p!yitn.; out with perfect security ocean cables.
o
it)tlielJail
to o j(ii u
attention given o
the telegraph communication with America. it is
not so, however, on the -.other side. Bt,sides the
Florida and Cuba and the Florida and Lisbon cables,
a charter has just been granted by the New York
Legislature to a company who propose laying a
cable from New York to Brest. The American
brain is busy devising schemes for laying new lines
to connect New York with Europe. It is there
thought that a cable of less diameter, cheaper in
construction, capable of being laid by a smaller
vessel than the Great Eastern, and therefore far
less costly, could be carried across the Atlantic. In
paying out such a cable two great difficulties would
have to be overcome. In the first place, the thinner
cable, which could be taken by a much smaller ves-
sel, woull be weaker, and more liable to part under
the strain of a sudden jerk. In the second place,
a smaller vessel would be less steady than the Great,
Eastern, and more quickly acted on by the huge
waves of the ocean. The attention, therefore, of
scientific men has been drawn to devise some
mechanical contrivance by which the pressure will
be carefully regulated to the strength of the line.
Captain S. Samuels, of New York, has patented an
invention by which the cable will pass through an
p soteemn
etrhne , bottomwhere
e re o t
hef
rtehies vessel,least
.ay between
_
ing tube runs from this hole to the deck, on which the
paying out machinery is placed, and serves both
to exclude the water and prevent the bend of the
cable in passing out from assuming too abrupt an
angle. Mr. Silver's plan is given both by the
Scienqfic American and the American Artisan at

considerable length, and is well worth the space
accorded to it. The latter journal states—" The
machinery used from the first attempts to lay the

cable of 1857 to the consummation in 1866 was partly
subject to serious certain objections, and well calcu-
lated, in the opinion of many, to destroy the cable.
The heavy weight of some hundreds of pounds used
as a dynamometer that stretched the cable taut
between two pulleys, restrained on the one hand by
the break and On the other by the weight of the
portion overboard, was an unfit load upon it at any
time; but when the toss of a ship on a high sea
drew upon the great length of it clinched by the
water against prompt relief, the cable, of necessity,
contended with counter restraint in this weight, and
when an apparent dancing' would have been seen
had a spring-balancebeen substituted for the weight,
the latter served so arbitrarily to regulate the move-
ment of the cable that one unfamiliar with mecha-
nical CALM and effect would as little appreciate the
frequent severity of strains imposed upon the rope
as the variable forces of an engine that drives the
fly-wheel imparting, from same principles, evenness
of motion. Various proposed plans for avoiding
the evil effect of a rough sea upon the cable have
been the subjects of English and American patents."
The Scientific American says :—" Should a fisher-
man, whose float is some distance from the end of
his rod jerk-up suddenly a portion of his line that.
may have sunk between himself and the float, the
resistance of the water to the movement of the
slender line will bend his pole, and the writer has
in his experience broken his fishing tackle without
gaining a fish. The generality of ships are liable
to pitch and tumble at sea, and even the Great
Eastern can perform a " grand swing." Thezie
movements, which are irresistible, or even a violent
cross sea, are severe on a cable of any ordinary
thickness, which, on the other hand, is subjected in
its movements frequently to some miles of friction
in the water, and much of it at great depth. Being
liable to the strains and tension of these contending
mechanical and elementary forces and resistances,
a cable needs to be paid out from some contrivance
that will yield readily and neutralise their effect."
The details of the new invention are thus given :
—Mr. Thomas Silver, of New York, exhibits a
working model, which is a modification of one plan
of his marine engine governors, that demonstrates
the paying-out of a cable automatically without re-
ference to the speed of a ship, in quantity adaptable
to the various depths of the sea, and registers the
weight hanging upon the ship at all times, and can
be arranged for drawing a profile of the bottom;
by the same apparatus, also, drawing in for the
purpose of repairing can be accomplished without a
possible overstrain upon the cable ; in short, as it
is not within human control to select to any cer-
tainty suitable weather for the purpose, the appa-
ratus is prepared for all probable or even possible
contingencies in the laying submarine cables.
The paying-out is performed from a drum of suit-
able diameter, around which the cable is wound a
sufficient number of times to prevent slipping, but
instead of the periphery of the drum being flat, and
using as heretofore a so-called: knit to force the
coils of the cable laterally to prevent its overriding
itself, or a duplicate drum to control its direction,

the drum in the present case has a crescent or semi-
circular groove, on to one side of which the cable is
guided, from where it naturally creeps to the lower
part of the crescent and prevents the possibility of
overriding itself. The shaft on which this drum is
keyed is geared by means of a system of differen-
tial through coiled springs, with a
friction-clutch
h actin; gearingioecor
break that may be made to limit
e tn
the degree of resistance considered prudent to re-
strain the cable ; and a dial is moved with the ac-
tion of the springs to indicate exactly the weight of
cable suspended overboard. When paying-out, the
drum is allowed to turn only in the paying-out di-
rection ; any slack of cable that may accrue from
the sudden lifting and fall of the stern of the ship,
or lateral blow of a sea, will be absorb,:d by the for-
ward movement of the vessel.
At the stern of the vessel the cable passes over a
shieve and through a tube widened horizontally at
the bottom end, the tube being attached to a rock-
shaft which serves as the axle of the shieve, and its
position being controlled by the varying angle at
which the cable may be running out. The oppo-
site end of the shaft, which is rocked by the motion
of the above tube, moves a pointer that indicates to
the engineer in charge of au adjustable governor
that limits the egress whether the cable is running
out too slack or too taut, so that he may adjust
the governor accordingly, and this avoids the ne-
cessity of any consideration as to the speed of the

ship.
In case of hauling in cable, steam or other power
is applied to a shaft carrying a pinion that gears into
the differential arrangement, and, while it turns
the drum and winds inward, the latter may, never-
theless, cease its motion when the cable reaches its
limited strain, or will even allow it to run out again
rather than it shall be injured, reassuming its in-
ward motion again as soon as the cable is relieved,
the engines or driving power working on in the
meantime irrespective of the action of the drum.

It was the want of an equivalent device to this
for hauling in, that the cable of 1865 was lost, but
it is of the first importance that means be employed
in paying out that will avoid the damage that
causes the neessity for hauling in.

It is to be hoped that the different submarine
cable companies now organising may appreciate the
danger of a fatal moment to their undertakings, and
will employ the best appliances of any kind to
isecure success. Although it is prudent to select
the. most favourable season of the year for the
work, it is quite clear that the dangers of stormy
weather may be greatly diminished, and also the
II necessity for the use of a Great Eastern, may be
obviated.

The New York Senate has passed the eight-hour
law by a vote of 22 to 5. The Assembly has passed a bill
giving to all new railroads 0 miles jength built in tho
Ptata $5,000 per mile,