The Sun.
London, England, 1867-08-05 00:00:00

SOUTH-EASTERN.

the chair.
The report, an abstract of which has appeared in
The Sun, was taken as read.
The CHAIRMAN, in moving the adoption of the
report, said that the increase of traffic on the Irish
North-Western Railway confirmed the hope held
out at the last meeting that at a very early period I,
they might expect an increase of rent. Not having
.
the figures of that company before him, he could not
tell them officially the exact amount, as there was a
part of the receipts not applicable to their line.
They had no doubt heard that it was the intention
of the Government to appoint a committee to in-
quire into the position of the Irish railways, with a
view to some measure either to purchase the shares
at a certain price or to assist those undertakings
in some way or other. Their line was not likely
to be affected by the inquiry. He believed that
many of the evils had arisen from the facility of
borrowing money on Lloyd's bonds, &c., beyond
the Parliamentary powers. Many railway com-
panies still suffered very severely from the invention
of Lloyd's bonds, :which had in public estimation
impaired the security of the railway debenture.
The present state of things could not last long, as
he believed there WAS no better security than their
own debentures, although they found it impossible
to place them except at a ruinous rate which would
absorb the amount available for paying off the
arrears of dividend owing to their shareholders. He
supposed they could raise money on debentures at 6
or 6i per cent., but that might waste the increased
rent, and leave the arrears on the preference shares
standing as they were at present. The directors
had recommended the shareholders to forego the
receipt of their dividends in cash, to take deferred
warrants in payment, and thus to gradually extin-
guish the debenture debt. All the preference share-
holders could exchange the deferred dividend war-
rants for 5 per cent. debenture stock, which would
be of immediate value to them, and the company
would always know what they had to pay. They
would thus secure a fair and reasonable rate of
interest on the debenture stock, and the surplus
revenue would go into the pockets of the share-
holders in diminution of the arrears due to them,
and when the latter were paid the ordinary share-
holders would get something.
Capt. 'WARREN, a director, seconded the motion
for the adoption of the report.
Mr. HEMMING believed that the great body of
shareholders agreed that the course recommended
by the directors was the best that could be adopted.
The motion was carried unanimously.
On the motion of the CHAIRMAN, seconded by
Mr. 11. LAYER, a formal resolution was adopted
declaring the dividends on the A and B preference
shares at the rate of 5 per cent. per annum, together
with lf per cent. per annum on account of arrears
of dividend, payable by deferred dividend warrants.
On the motion of Mr. 11E3IMING the directors
were authorised to. exchange 5 per cent. debenture
stock for a like amount o dividend warrants in
sums of £lO, 120, and £3o,f as the case might be.
Mr. P. Banbury and .Captain D. Warren, the
retiring directors, were re-elected, and also Mr. C.
Whetham, the retiring auditor. A vote of thanks
to the chairman and directors concluded the pro-
ceedings.

zation.

GREAT NORTHERN AND WESTERN OF IRELAND.
The report of the directors states that the net re-
ceipts for the half-year ending the 30th of June last
amounted to £12,034. The charge for interest on
debentures, preference shares, wid also upon tem-
porary loans, would absorb £5,358, and leave a
balance of £6,676, sufficient for a dividend upon the

The total receipts of this company's line for the
23 weeks and two days ending the 13th of July last
amounted to £601,223, and the expenditure, includ-
ing rates, taxes, tolls, Government duty, and ex-
penses of steam packet service, to £305,025, leaving
the net receipts £296,898.

Miscellaneous Foreign News•

(From the Westminster Gazette.)

A letter from Rome, dated July 27, says—
The Pope's departure for Castel Gondolfo is
again postponed, and it seems doubtful whether he
will go away from Rome at all. The people are
alarmed about the cholera, and then there are the
reports of a Garibaldian attack on the frontier, and
he thinks it incumbent on him to give the moral
support of his presence by remaining in his ca-
pital. Besides this the Queen of Spain has officially
announced her intention to visit Rome shortly,
and he wishes to be there to receive her.
Germs of discord are already sprouting up in the
midst of the newly-fused Liberal Junta. The
National Committee was the'organ of the moderate,
and the Centre of Insurrection that of the more
advanced section. The latter is either the more
numerous or the more noisy, and this element is 1
making itself felt a little too much for the peace
of the body. However, they have little to do but to
quarrel among themselves. It would seem that
the intimations of the Emperor of the French to
the Italian Government will make them keep a
stricter look-out on the frontier. At Naples, Genoa,
and Piacenza Garibaldian enlistments have been
stopped, and Rattazzi has sent a circular to the
various prefects of suspected localities, ordering
them to prevent such enlistments. A maritime ex-
pedition, which was being got up on board an
American vessel at Genoa, has been dispersed. If
these measures are bond fide, and they are thus de-
prived of assistance from without, there is no
danger of the Junta venturing on any active move-
ment; they have, in all, nothing like 200 men in
Rome whom they could count upon to rise. The
mission of General Dumont, as " military inspec-
tor," is giving them something to discuss. He
comes to inquire into the causes of the desertions
from the Antibes Legion, with the full concurrence
of both the Roman and French Governments.
The latter also sounded the Italian Government on
the subject, who answered that they had no objec-
tion to make to the inquiry. And yet, after this,
Signor Rattazzi, interpellated by the Deputy Pian-
ciani, declares in the Chamber that "the Govern-
ment of King Victor Emmanuel awaits explana-
tions from France, on the subject of the mission of
General Dumont." The head of the Cabinet dares
not confess to a democrat that Italy has been forced
to give her consent to an inquiry which may be so
damaging in its discoveries.
General Dumont is very well looked upon in
Rome. He commanded here for two years when
M. de Guyon was at the head of the corps of
occupation. On his arrival he visited the Pope,
and afterwards Cardinal Antonelli, who received
him very well. He appears in public in the French
uniform in the teeth of our patriots, who com-
plain of it as a violation of the non-intervention
principle. Nothing however can be more unfair
than this way of putting it ; after the suspicions
that have been raised of the connivance of the
Italian Government in the temptations to deser-
tion, the enquiry into the affair could only be con-
ducted by a neutral power, and it is best for the
Italian Government it should be by one who will
spare them its revelations.
The Pontifical army numbers 12,500 men. There
are 1,000 in the Artillery ; 2,430 in the Zouaves ;
and about as many Gendarmi. The French Legion
was 1,200, but is now reduced to 860.
The retractation of Don Carlo Passaglia has
been received by the Dominicans of the Holy
Office, who not finding it sufficiently distinct, have
required some additions. He has been living since
January in the Jesuit Seminary of Mandavi. He
has resigned his place of Professor of Transcen-
dental Philosophy at the University of Turin,which
brought him in 8,000 lire a year. He has also
given up his newspaper work. The Pope has
intimated to him that if he wishes Ito come to
Rome to live an edifying and retired life, he will
be received with open arms. In the meantime he
has sent him 3,000 francs to pay his debts.
It is not now expected that Cardinal d'Andrea
will make his submission. He resists even the
affectionate instance of the Archbishop of Naples,
Cardinal Riario-Sforza, who, it is said, has made
an offering of his life to God to obtain the salva-
tion of his colleague.
The affair of the Master of the Sacred Palace is
still pending. Padre Gigli, who is charged with
want of vigilance over his socius. , will resign his
office and retire probably into some monastery of
the Roman State. He will be succeeded by Padre
Celli, of Bologna, who bears the reputation of an
able theologian. Padre . Carnelli, the socius,
acknowledges that he abused the confidence of his
superior, and gave the authorization for the clan-
destine publication of Abbate Modesti's pamphlet
of his proprio mote. The Abbate Modesti was
Cardinal d'Andrea's Vicar-General at Subiaco,
and public opinion ascribes to him the authorship of
the pamphlet. No sentence has as yet been
passed on Padre Carnelli.
The Austrian Embassy had a Requiem Mass for
the Emperor Maximilian celebrated at the Church
of Sea. Maria dell' Anima on Tuesday.
The following brief notice, extracted from a late
number of a very meritorious little periodical,
published in Paris, •L' Observateur du Dimanche,
from the pen of the Marquis de Roys, its editor,
will, I think, be interesting to many of your
readers :
" The tragic fate endured with so much courage
and resignation by Louis XVI., Marie Antoinette,
Madame Elisabeth, and Louis XVII., seems to
have made most people forget the saintly virtues
of Marie Clotilde, youngest daughter of the Dau-
phin, son of Louis XV., whose premature death
was so affectionately mourned all over France.
" Their more striking sufferings have earned for
them the popular appellation of martyrs ; but,
however heroic their conduct, it does not bear the
distinctive marks which the Church has assigned as
the title to the martyr's crown, and without doubt-
ing of their salvation she continues to pray for,
instead
who
suffered
Bo
silently emnttlhyßut
and inse
McreatritehaCtlomtiladney,
will hear her name for the first time in
has been declared " Venerable " by the Church,
by a decree of the 9th of April, 1808, authorizing
.
the continuance of the pleadings
for her eanoni-

" In her very infancy she was remarkable for her
piety and her affection for her aunt, Madame
Louise, a Carmelite nun ; she often spoke of a
desire to join the order. She was married in
1795, however, to Charles Emmanuel, Prince of
Piedmont, eldest son of the King of Sardinia. The
marriage was solemnized at Turin with brilliant
festivities. Marie Clotilde appeared on all the
public occasions attired in the magnificence befit-
ting her rank, such being the desire of her adopted
family, but she was still distinguished by the
modesty of her dress contrasting with the toilettes
of the ladies of the Court, which were then no less
decolletee's than at our own day. Though always
polite and amiable towards all, she never failed to
show her displeasure by assuming a cold and