The Sun.
London, England, 1866-07-04 00:00:00

£lOO PLATE.

Cecrops .. 1
Blackthorn 2
Gas 3

Ten ran.
FREE HANDICAP. Five furlongs.

Lord Ronald 1
Beadle 2
Pantaloon
TOWN PLATE.

Tourmalin

Polly Perkins
SWEEPSTAKES OF 10 SOVS
Molly filly
Rose Nera
Busy Body
Won by four lengths

Six ran.

CARLISLE RACES—Tins DAY.
SCURRY HANDICAP.

Louisa (Craddock) 1
The Count (Challoner) 2
Breeze f
Wangle Eye, Stiff, Madras, Slap Bang, Buc-
cleuch, Grafton, and Raxer also ran. Betting-7
to 4 agst The Count, 4 to 1 agst Stiff, 5 to 1 each
agst Madras and Louisa. Won by a length, same
distance between second and third.
LOTTERY STAKES.

Lady Durham
Lozenge 2
Holstein 3
Strachino
Won by a length.
lIER MAJESTY'S PLATE.

Fitzroy 1
Soda Water

Stiff

Won in a canter.
HOLM lIILL STAKES.

Yarrow
Ward in Chancery 2

Won in a canter.

CITY BETTING—Tins DAY.
GOODWO 0 D STAKES.
sto 1 agst Special (taken)
7to 1 agst Midia colt (taken)
11 to 1 agst Nu (taken)

Mr. Gladstone's Small and Early.

The following delicious skit appears in to-day's
number of The Owl:
" Mr. Gladstone received a numerous company
on Monday afternoon at Kennington Common.
The spot chosen was singularly appropriate, being
near a pump and a public-house, so that refresh-
ments might be obtained by those of the guests who
support the Permissive Bill, as well as by those who
prefer more stimulating comforts. The proceedings
began at three o'clock, when Mr. Gladstone was en-
thusiastically voted to the milestone, which on these
occasions takes the place of a chair. The warmth of
his reception was undoubted. The people refused
to believe that their beloved leader is no longer a
member of the Administration, for, as will be seen,
they insisted on addressing him as " Governor," a
term indicative of confidence and hope.

" Mr. Gladstone, who was supported by Mr.
Forster, Mr. Stansfeld, Mr. Hughes, Mr. Lucraft,
Mr. Holyoake, Mr. Bright, and other leaders of
public opinion, proceeded to read letters of apology
too numerous for insertion. Amongst others was one
from Mr.Milner Gibson. The audience having lighted
their pipes and bestowed themselves as they best
could, the business of the evening began. Our report
is necessarily imperfect, as our reporters could find
s
no resting-place for their note-books, except
on
icof
ll
t thehe
backs of adolescent Reformers, who chartere.
accommodation for three-halfpence, a noggin
Old Tom (Brown !), a
.nudn)
rt
hh eo
fusi lboe
en—You have
cigar.
ularli
iltlfeendbeosefecab
As ladies
been invited to-night—not by myself..
" Mr. Gladstone said Gentle
wishing to achieve the tri
invite
a friend, highly placed, to invite their company, so
did I, humbly venturing, entreat that old and stal-
wart champion of your cause, Mr. Bright
I have come
(deafening cheers)—to bid you to the wel-
come,offer. (Cries of
,„ p ' How about the 'TipExeheCilLr ?a'
without refreshment, which
s ,l i kv d r oldai
n
toI
can't do us no harm,' and laughter.) Gentlemen,
(Brayvo.)appearance
meet for men of such respectable
I am not worthy of you.and
t
good order. I c I am
n
come amongst you an outcast.
(Shouts of ' So you d o.' ) An outcast from those
with whom I had
associated, driven from them by
the slow and resistless force of conviction. ('What's
that ? We've been .
convicted—some of us !') But
I may plead in mitigation. I was born under the
shadow of the great name of Canning. (Cheers.)
Every influence connected with that name governed
the politics of my childhood and my youth, and it

was Canning who sang the song of the Fseven,
pounder, of the hardy knife-grinder—(tremendous
uproar)—of whom I may cite to the proudest
scion of the most ancient house as an example of
gentle nature and of good breeding, nay, of high
breeding. (' Go it, old 'un." Tip us a song, Go-
vernor.' Won't you stand something to drink ?'
Three cheers for Doulton !') Yes, I come to yorA
in pauperis forma. ("Then you won't do for us.,
Oh! he's a casual, is he ?') But I may say to you
—one humble as myself may say to you--

"Non in caro nidore yoluptas
Summa, sod in teipso est: to pubnentaria (poor()

Sudando.' •
(' Give us that once more, Governor.' Won't you
take something after that ?')
" This, then, gentlemen—
" At these words a posse of roughs so:disturbed
this respectable meeting that, on the representation
of a representative of. public authority that the
public peace was likely to be disturbed, the right
hon. gentleman, with due deference, accosting a
hansom cab, drove homewards in the society of dr.
Beales, who lighted a Vevay cigar, and proceeded
to martyrdom at Charing-cross."

Proposed. Tunnel under the Channel,

A writer in a contemporary says :

During many years the scheme of connecting

France and England by means of a highway under
the Channel has from time to time been propos4
but it has hitherto been generally regarded a 4 too
extravagant for serious consideration. Projects,
however, which formerly would have been pro-
nounced absurd have in these days been carried
into effect, and we now wonder at the ignorance and
tardiness of our predecessors respecting inventions
which to us seem excessively simple and obvious,
A few years will probably suffice to determine the
practicability of solving the great problem of u sub-
marine road to the Continent. It is a problem
which may well inspire the boldest living engineer
with apprehension, for failure will cause enormous
pecuniary loss, and jeopardise even. the most solid
reputation. Nevertheless, one of the most ex-
perienced and successful engineers of our time, Mr.
Hawkshaw, has resolved to grapple with this prob-
lem, and he is, indeed, actually engaged in the pre-
liminary explorations. Although war is the order
of the day, and the British public is eager for war-
like intelligence, yet the following condensed ac-
count of this peaceful project may not be unaccept-
able to your readers.
" Mr. Hawkshaw has long contemplated the prac-
ticability of this enterprise, and has for about two
years been engaged in a geological investigation of
the localities. Borings are now being made at
considerable expense in the neighbourhood of Dover,
and, by permission of the French Government, be-
tween Calais and Boulogne ; and in the course of
this summer explorations will be made in mid-
channel. Such trials are essential, in order to obtain
positive knowledge concerning the nature, extent,
and thickness of the strata.

" It is proposed to carry on the excavation for the
tunnel from both ends, as well as from shafts in the
Channel. At the top of the shafts powerful steam
engines will be erected for pumping, for drawing up
the excavated material, and for supplying power to
the machinery by which excavation will be effected.

" The tunnel will communicate on the French side

with the Northern of France Railway, and on the
English side with the South-Eastern and London,
Chatham, and Dover Railways, so that there will
be an unbroken line of railway communication be-
tween London and Paris.

" Mr. Hawkshaw will not be able finally to de-
cide upon the details of this great work until the
completion of the borings now in progress."

A prospectus has been issued by the Credit Foncier
and Mobilier of England, to be presented at an extra-
ordinary general meeting at which the directors
will propose a reorganisation of the company,
in order to lessen the liability of the share-
holders, and thereby establish increased confidence
which many entertain with respect to calls.
The following are the proposals :-Ist. To hold
meetings in January and July in each year. 2d.
To limit the payment in the first half of each year
of any interest or ad interim dividend to an amount
not exceeding 10 per cent. per annum. 3d. To
limit the payment in the last half of each year of
any higher dividend and bonus than at such rate as
will, with the payment made in the first half-year,
be equal together, for the whole year, to not more
than 20 per cent. per annum, until such time as the
reserve fund shall amount to a sum equal to one-
third of the paid-up capital of the company for
the time being. 4th. That all sums carried to re-
serve fund shall be invested in Consols or other
British Government Securities. sth. The governor
during tenure of office to hold not less than 1,000
shares, instead of 200 shares, as at present. The
deputy-governor to hold not less than 600 shares,
instead of 200 shares, as at present. Each director
to hold not less than 400 shares, instead of 200
shares, as at present. 6th. The fixed remuneration
to be paid to the directors to be £6,400 per annum,
in lieu of the present maximum fixed remuneration
of £8,400 per annum. ith. The commission pay-
able to the directors on profits exceeding 10 per
cent. on capital, to be reduced from 10 per cent. to
5 per cent. It is intended at the general meeting
to enter into full explanations as to the future
prospects and estimated profits of the company.
which the directors are gratified at being able to
say are highly satisfactory. As soon as practicable
after the above propositions are approved, it is

intended to issue a three months' dividend warrant
at the rate of 10 per cent. per annum, arising from
interest on investments, up to 30th June, 1866. In
the new company the dividends will be paid half-
yearly, immediately after each half-yearly meeting