The Sun.
London, England, 1866-08-01 00:00:00

SCN, LOINDON, WEDNESDAY EVENING, AUGUST 1, 18C6.

ifortrit I I lir

lIER, MAJESTY.

•----
OSB 0 RNE, Tuesday.

The Queen drove out yesterday afternoon in a
carriage and four with Princess Louise, Prince Leo-
pold, and Princess Beatice, and her Majesty walked
in the grounds this morning with Princess Louise.
His Royal Highness the Duke of Edinburgh left
Osborne yesterday, attended by the Hon. Eliot
Yorke.

The Duchess Dowager of Cleveland and Lord
and Lady William Osborne have returned to town from
visiting the Marquis: and. Marchioness of Winchester at
Amport House, Hants.
The Duke of Grafton leaves Piccadilly to-day for
the family seat, Euston Hall, Norfolk.
The Marquis and Marchioness of Abercorn and
family are expected to leave Chesterfield House on or about
the 12th inst., for the Castle, Dublin.
The Marchioness of Winchester and family have
left Amport House on a visit to Lord and Lady Rokeby,
at Haelewood, Herts. The noble marquis remains at
Amport.
The Earl Annesley has left town for Goodwood,
on a visit to the Duke and Duchess of Richmond. On
Saturday his lordship will leave for a cruise in his yacht
for a few weeks.

LAW INTELLIGENCE—This Day.

VICE-CHANCELLOR'S COURT.
(Before Sir R. T. Kindersley.)
ETON T. GRANT.-THE CREDIT FONCIER AND WEIMER

COMPANY.-JUDGMENT.

The Vice-Chancellor delivered judgment in this case
which has excited much attention in consequence of the
new turn which the affairs of the company have recently
taken. It was a motion on behalf of Charles Seton, and
all the other shareholders in the Credit Fonder and Mebi-
lier of England (Limited), except the defendant, Mr.
Albert Grant, M.P., against Albert Grant, George Edward
Seymour, and the Credit Fonder and Mobilier of England
to restrain the company from purchasing out of moneys,
belonging to the company, 8,900 shares in the Milan
Improvement Company, held by the defendants, Albert
Grant and George Edward Seymour, and praying that the
company might be restrained from delivering up to the
defendant Seymour certain promisssory notes and other
securities held by the company ; and it also prayed that the
defendant Grant and the company might be restrained from
handing over the assets of the company to any other com-
pany or person until all the debts and liabilities of the
company had been paid and discharged. The object of the
latter part of the motion was to restrain the company from
proceeding with the reconstruction of the company, which
it had been proposed immediately to carry out, and which
it was resolved to do at a meeting of shareholders held at
Exeter Hall on Monday last. The proposed arrangements
were that the old company should be dissolved, and that
the liquidators should transfer the business of the com-
pany, and also such part of the property of the company as
should not be required for the discharge of its liabilities to
the now company. The plaintiff had recently become a
shareholder in the company, and he also alleged himself to
be a creditor as the holder of one of its debentures. As re-
garded the latter part of the relief the plaintiff relied upon
the following clause in the circular, signed by the company.
"Allassets of the existing company subject to payment of the
liabilities will bo taken over by the new company," and he
contended that the effect of this clause was to hand over
all the assets subject to a lien thereon for payment of
debts and liabilities, which it was contended could not be
done as against creditors. He (the Vice-Chancellor)
looked upon the Milan Company as a sort of child of the
Credit Foncier and Mobilier Company. It was financed, or
brought out, whatever the intention might be, by the Credit
Foncier Company, and Grant and Seymour entered in an
arrangement to get shares in the Milan Company, and to
deal with them for their own profit. In the slang lan-
guage of the city, this confederacy or comtraction was
called a " Syndicate." A schemeuit was said, was formed
for thrusting these valueless shares, as the bill called them,
on the Credit Foncier Company, to the injury of the share-
holders, of whom the plaintiff was one. The defendant, Grant,
borrowed £BO,OOO from the company, and deposited with
them a certain promissory note or bond, which had been
given to him by Seymour in consideration of his part in the
transaction. The bill further alledged that not only had
Grant and Seymour perpetrated this fraud upon the com-
pany, but that the intention of Grant was to make the
company purchase some 3,900 additional shares in the
Milan Company, which were not only not worth having,
but which indeed it was a bad thing to possess, inasmuch
as there were heavy liabilities upon them, and calls to the
extent of £lOO,OOO, which must be paid. Such were the
facts alleged, and he (the Vice-Chancellm:), of course, said
nothing of their truth. Tho injunction was to rastrain
three things-Ist, to restrain Grant and the company from
purchasing with the Credit Foncier money the 3,900 shares
in the Milan Company now held by Grant and Seymour.
2d. That the defendants, Grant and the company, might
be restrained from giving up to Seymour the promissory
note or bond given by him to Grant as security, and now
held by the Credit Fonder Company until the sums ad-
vanced should have been paid. 3d. That Grant and the
company might be restrained from handing over the assets
of the company untill all the debts and liabilities of the
old company were paid off and discharged. With regard
to the first part of the application, it appeared to him that
there had been an entire failure of any evidence to show
that there was an intention to buy the 3,900 shares, and
he could not, therefore, grant an injunction to restrain an
action which was never intended. With regard to the
second point, it had been sworn that all business
between the company and Seymour had been closed,
and nothing remained that could be delivered up to
Seymour. No injunction on the part of the case could
therefore be granted, In reference to the third part, that
of handing over the assets of the present to a new com-
pany, it appeared that the present shares were £2O, of
which £5 had been paid up, every shareholder therefore
being liable to a call of £l5 per share. The shareholders
were sensitive upon that point, and others thought that it
would soothe that sensitiveness of they reformed the com-
pany, and limited the shares to £lO —.£3 more were to be
paid, and each shareholder would bo liable for only £2
more. Then the question arose, what was intended with
regard to the assets. There was nothing in the act of Par-
liament to prevent a company winding up if they liked,
but they had no right to hand over to a new company, or to
any other company, their assets, without making full pro-
vision for discharging all liabilities of the existing company.
On this point the affidavits were not very satisfactory on
either side, and he did not think there was any proof of a
design or intention to hand over the assets without making
provision by money payment or otherwise for the liabili-
ties of the existing company. In addition to all this, it ap-
peared that the plaintiff Seton had but very recently be-
come a registered shareholder in the company. He had
occupied himself in buying and selling shares with the Credit
Fonder and other companier, which was gambling or job-
bing, although many persons holding respectable positions
were engaged in it. He had no shares with companTh
but it occurred to him that he would like to file a bill.
(Laughter.) He considered the matter for two months,
and on the 6th July last he bought five shares, which
he registered on the 16th of July. Three days afterwards
he filed this bill. Whon asked why he bought the shares
he said it was to enable him to file the bill, and that for the
purpose of recovering some of the money ho had lost in
dabbling in the shares of the company. A suggestion had
beeh made that he had taken these proceedings in order
that he might be bought off. He (the Vice-Chancellor)
could only imagine one other reason, which was, that the
shares of the company would not, after its reconstruction,
be open to so much jobbing and gambling as at present.
Mr. Seton bad no grievance, no risk, no liability, no justi-
fication in asking for relief. There could be no injunction,
and the application must be dismissed with costs.
Motion dismissed accordingly.

BREEDING OF OYSTERS.—At the first general
meeting of the South of England Oyster Company
(Limited), held yesterday, the chairman, Mr. Alderman
Abbiss, had the satisfaction to announce to the
shareholders that, for the first time in England,
an abundant fall of spat bad been preserved by
artificial means in the company's beds made for
the purpose. This is the more satisfactory, as it has
been strenuously denied by the theorists that oysters could
be artificially cultivated in this country. The alderman
informed the meeting that 5,000,000 young oysters, at the
very lowest computation, had already been produced upon
the first four acres of the company's beds,' and that the
directors had every reason for hoping that a proportionately
abundant spat will be obtained upon the remaining six acres
of the experimental beds.
THE CATTLE TRADE.—In the report of the com-
mittee upon the trade in animals, which appeared in our
impression of Monday, one paragraph needs correction.
The paragraph running thus —" Your committee recom-
mend that all imported fat cattle should be subject to the
same rule as English fat cattle when exposed in a market
—that is to say, marked for slaughter within a week, and
not allowed to be exposed in any other market" should
terminate with the " words " when exposed in a market."
THE PRUSSIAN LOSSES.—For the last three
weeks or more the principal Prussian journals have been
full of lists of killed and wonded in the recent campaign.
On Monday the Cologne Gazette (the largest paper in Ger-
many) devoted 14 columns to the dreadful lists, 'which are
scanned so eagerly by thousands of families. On the pre-
vious day the same journal issued a supplement, which
was entirely filled with the sad details ; and yet the roll
has not come down later than the battle of Gitchin on
June 29.

THE MAGAZINES.

BLACKWOOD.—" Nina Balatka, the Story of a
Maiden of Prague," is continued, and the close of
this instalment leaves all the chief persons in a very
deplorable state. It is a contrast to the tales of the
present day, and may thus afford a pleasing variety
to some readers. Nina is an attractive character,
but she is in a very awkward position, which does not show
her off to advantage. "British America" is the title of an
article which is sure to command attention at this junc-
ture ; it refers to the great increase that has taken
place of late years in colonisation from this country.
While the continental nations have greatly fallen off
from the habits and practices of their forefathers, the
English have gone on with the work with renewed
zeal and energy. Pressed by overwhelming numbers
at home, elbowed out of existence, as it were, in the nar-
row area, left for the hewers of wood and drawers of
water, in the Old World, the, strong, the brave, the reck-
less, and youthful have built up'the United States, overrun
British North America, peopled the South of Africa, and
converted the solitudes of Australia and New Zealand into
populous commonwealths. A good deal is said here as to
the advisability of the scheme for the Confederation of
Canada and the maritime provinces, and some true obser-
vations are made as to the mutual advantages thereby
gained. If Great Britain require more seamen, plenty will
be found in New Brunswick, Cape Breton, and Newfound-
land, and, honouring the traditions of our glorious flag,
they will do their parts, without stint of blood or bravery,
to add many years to the old and memorable thousand
during which it has "braved the battle" and courted the
breeze, and carried the blessings of civilisation beneath
its folds to the remotest corners of the earth.
" Sir Brooke Fossbrooke " is proceeded with, but nothing
very important occurs in this decision, if we except the
unfortunate hero being imprisoned through a misapprehen-
sion. Colonel Sowell proceeds on his iniquitous course ;
but really he is so aggravating an individual that the
reader has hardly patience to dwell upon his doings and
sayings. A great deal of the secret official life of certain
parties is here narrated with great ingenuity, and the
undercurrent of events can be easily traced, owing to the
very able manner in which the sketches are given. " Art,
Politics, and Proceedings " is an article that will repay
perusal: it refers to the changes now impending over
many institutions, and a conaigehensive review of these
alterations is taken: It is pro Posed that there should be a,
Minister of Art, and the scheme does not seem a bad one
upon the, whole. " The Nile " is an interesting paper on
the work of Mr. Baker, called " The Albert Nyanza Great
Basin of the Nile." Of Course the Consideration of such a
subject contains much that is sure to be attractive and
entertaining. The self-imposed labour of Mr. Baker was
indeed ono not easy of execution, and he merits great
praise for the zeal with which he carried it out. It is a
very interesting passage which refers to the meeting
between Baker and. Speke and Grant. They were not
jealous of each other, but each sought to profit by the
other's doings. Those who sit at home at ease are too
apt to dwell upon the results of an expedition like
this, and to overlook the difficulties that led
to its achievement. These will do well to peruse
the accounts here given, and they will appreciate more
fully the sacrifices which are made at the shrine of science.
" Cornelius O'Dowd" has his say as usual, and sends his
random hits far and near. Some stirring verses, entitled
" Stuart Mill Again", appear as the poetical contribution.
" A Review of the Continental War" is a brief and im-
pressive sketch of the chief events of the recent memorable
campaign in Germany. It will be found to convey a very
good idea, and can be recommended to those readers who
wish to get a resume of events they have not had time or
opportunity to dwell much upon as yet. " The New
Ministry" is the last article met with, and it is written in
an animated manner. As may be expected, the late
Ministry do not meet with a very flattering mention in
these pages, and, indeed, we do not know that they deserve
it. It istrue what is here stated of their many deficiencies
and shortcomings, and nothing can be too strong that is
said in condemnation of their doings respecting the Army
and Navy. The Administration of the Poor-Law Board
has not been very good, if we are to judge of its results,
and the blunderings and blusterings of our Foreign Secre-
tary have injured small nations and called -forth the con-
tempt and scorn of largo ones. We fully concur in the
expressions used by the writer of this article as to the
claims 'which the new Government have on the House and
the country, and the cordial support which they should
meet with. Fair play is what they have a right to de-
mand, and there Boerne no reason why they should not
have it. This magazine may take credit to itself for the
veracity of its political predictions, for it has all along
prophesied that the Russell-Gladstone Administration
would only have a short tenure of office.
TEMPLE BAR.—" Lady Adelaide's Oath" is con-
tinued at some length, and the period of ten years
passes by, in which no progress for good is made
by any of the party. Lady Adelaide turns out a
selfish and exacting person as time goes on, and
acts very despicably to her step. children. Wilfred
Lester comes to grief, which is not to be wondered
at under all the circumstances of the case. " TiftlS! is a
character that is very aptly described, and in fact is one of
the masterpieces of the tale, and the author's keen powers
of observation are well displayed in her portraiture. Lord
Vane has returned, and all seems on the eve of a grand
discovery. " Through Surrey" is ono of those pleasing
sketches such as have before appeared in the pages of this
magazine. Some interesting information is met with as to
the peculiarities of the places through which the writer
passes, and on the whole we may say that those who can-
not travel about for themselves will do well to peruse these
animated pages,
where he will meet with good descriptions
of places of note and objects worthy of attention. It is too
much the fashion nowadays for people who have time and
money at their disposal to run over the Continent and
survey with eager eyes the marvels of foreign cities ; but
they could often find plenty to attract their attention at
liome, if they only took interest in home things. There
is much to win regard in most of the English counties, and
Surrey is not deficient in merit, as those who read this
sketch will find. it is said at the commencement of the
paper that a tour through surrey seems a very
common-
place affair—cross the Thames at Waterloo or West
minster and you are in Surrey ; yet there aro wild
hills and wide heaths in the county, small as it
is, where the traveller may easily fancy himself long
leagues away from any city. "Archie Lovell" is con-
tinued, and the present portion of the tale is more serious,
as it relates the adventures of a detective in search of the
evidence concerning the death of Maggie Hall. Gerald
Durant seems likely to get into serious trouble about this
affair. The manner in which he becomes implicated in the
affair is very
story will no doubt prove very exciting. " Cousin Fan
ingeniously told, and the remainder of the
and the New Curate" is a lively sketch, which tells us of
some strange adventures met with in consequence of a
'series of mistakes. The tale is written in an amusing
manner. "Modern Eccentrics" present us with the usual
entertaining descriptions of oddities, who have contrived
to make themselves remarkable in their day by their
sayings and doings. " Brighton Races Thirty Years Since'
relates some strange doings. "One Thing Only" is a
sketch, in verse, of the requirements of a lady of the fast
school, which appear neither pleasant nor profitable.
GrOuse Shooting in Cantyre" is a very readable sketch,
and "Getting Away from Leipsig"
ject just now. is an appropriate sub-

CoßNmr.,L.—....cc
tinted, and the different fortunes of the two
The Village on the Cliff" is con-
Catharines are ably described ; the old ladies make
things as uncomfortable as they can for the poor
little governess, whose position is cleverly sketched.
' ' Criminal Women" is an article well worthy of
perusal. It sets before us some curious and sad statistics
o educated woman is almost unknown in prison." It is said
hferceriintheattacnridmoinnae part
lwarot s
women especially worthy of notice. "An
en are worse than criminal men ;
the:man's nature may be said to be hardened, the woman's
is.destroyed. "Criminal women, as a class, are found to
bo more uncivilised than the savage, more degraded than
the slave, less true to all natural and womanly instincts
than the untutored squaw of a
North American tribe." A
fearful picture is drawn of the antecedents of these
factiono f knowing wretched women ; and, awful as it is to contemplate it,
then
the
writer is thehere tis
emphatically states,
hn
ptek,aitn a
if
gweuprootgeneration
ttheion or
two,
evil, of
that
" Reformatory efforts
may get hold of a, few ; educational efforts would rescue
t
the many.,, 4; The Pearl Harvest" is an interesting paper,
which tells of the peculiarities of those precious stones,
which are found in the great deeps. It appears that the
eaitlhye education,
good
will w emay
greatly triumph over the bad. As
h
Eastern pearl-fishery is beginning
to fail, and also that
numbers of excellent pearls have been found in the rivers
of Scotland.
sa
The rugged ugly shells contain the true
gems, and adepts delight in finding them. " Once obtained
from sea or
river the pearl requires nothing at the hand of
man, having been perfected and polished by Nature her-
self." "Defamation" contains some hints that may be use-
ful to the ignorant and uninitiated who make mistakes in
their headlong passion and hasty zeal. The practical
school of actual litigation is the only one now open to those
who have doubts on the subject, and, as the writer hero
observes, that is a very unprofitable one. " Tho
Agriculturist in Prussia," by a German, contains a
very favourable account of the modes and man-
ners there practised ; but the high-sounding
praise hero bestowed upon the customs of the country
comes very inopportunely at this juncture, when there is
little left us to admire in the government of the people or
the conduct of the rulers. Great stress is laid upon the care
taken in training the children " in duties, morals, sins of
commission and omission, and original sin." With all due
deference to the writer, we must say that, neither politi-
cally nor morally, do we witness much of the good effects
of this learning in after life. " The Theory of Flirtation"
is a lively sketch that will doubtless entertain some readers.
" The Claverings" is continued in a melancholy instalment,
though Clavering's hard nature appears to greater disad-
vantage than ever, now that he is in trouble. This story
is indeed a warning to those who marry for rank and posi-
tion instead of for better things. Harry is pursuing a very
dangerouS same, which 4 'llre-tt:t 0114 ixt tr914)19 t 9 01 99n-

cerned. " Sleep" is a paper that contains some suitable
remarks on this important and interesting subject, which
so materially affects the comfort of many, and we may
fairly recommend it to an attentive perusal. This article
appropriately terminates with the following quotation from
an old author :—" When Ptolemy, King of Egypt, had
posed the seventy interpreters in order, and asked the nine-
teenth man what would make one sleep quietly in the
night, he told him the best way was to have divine and
celestial meditations, and to use honest actions in the day-
time." " The Scot at Home" is a smartly written sketch,
that, however, hardly renders full justice to its subject, but
takes rather a one-sided and prejudiced view of the ques-
tion.
THE MoNTH.---Several topics of interest are dis-
cussed in this number. First and foremost, that all
engrossing ono of the Art of War, to which recent
events have given so great an impetus. Following
this is the continuation of Lady Georgiana Fuller-
ton's story of " A Stormy Life, or Queen Margaret's
Journal." Lady Georgiana Fullerton is always a fascinat-
ing writer, and she has chosen a subject which will give
full scope to her powers in the chequered career of Mar-
garet of Anjou. As yet the "stormy life" of the high
spirited queen is but in its earliest days, but already her
chronicler shows us traces of her proud and imperious spirit,
her warm affections, and dauntless courage. " The
Hostess of Silvio Pellico" gives us a glimpse into ono of
those beautiful Christian lives whose least thought is to be
praisedfor their virtues. The article on "Pedro di Lima" is
continued, and a paper entitled " Audi Alteram Partem"
sets forth the grievances of Catholic pauper children.
" The Windeck Family" is brought to a conclusion, which
is unexpectedly tragical.
ONCE A WEEK.—This agreeable miscellany gives
us as much variety as ever, and is certainly increased
in attractiveness since the commencement of the
new series. " The Race for Wealth," a clever novel
by the author of " George Geith," proceeds with
interest. This writer has the courage to desert the
old fashionable world of sentiment and improbability for
the plain matter-of-fact business life of the present day,
and boldly locates the heroes and heroines of the
tale far away in the veritable east end of London.
There are several other stories among them—" Hazeley
Mill," "A Country Story," and "My Friend the Gari-
baldino," though the latter is rather a leaf from that awful
record -of despotism in Italy, which has supplied so many
a domestic tragedy with materials. Congenial in its sub-
ject is a "Memoir of Francis Deak, the Hungarian
Patriot," by Sir John Bowling. Herr von Deak is, says
his biographer, the most prominent man in Hungary.
" Universal opinion recognises in Peak a man of rare in-
tellect, deep and varied knowledge, of emphatic eloquence,
indefatigable inquiry and love of labour, and of most cor-
dial and enduring affection." A compatriot says of him
that "he is the orator of peace, of order, of conciliation,
always listened to because never intruding. His courage
is never wanting on occasions worthy of its exercise, but
he wastes it not on trifles. His policy has ever been to
surrender nothing which is essential, but willingly to
make the concessions which involve no such surrender,
whereby the concession serves, as it often does, to
strengthen the essential." The brief memoir of this dis-
tinguished man will be read with deep interest at the pre-
sent juncture, when the attitude of Hungary has assumed
a European importance. " Homes without Hands" gives
us some instances of the marvellous ingenuity of the lower
orders. The illustrations are numerous, and the "For-
tress of the Mole," the nests of the trap door and raft
spiders, and the tailor bird, give a vivid idea of the won-
derful handicraft of the creatures here described. There
are plenty of other papers on miscellaneous topics, and
many of them are of a high order.

NATURE AND ART.- Nos. I. and 11. Day and
Son.--This very beautiful and interesting periodical
is a new competitor in the field of serial literature.
It has, however, no rivals in the particular path
which it has marked out for itself, and there is no
reason why it should not secure a very large circle
of subscribers, provided the public taste is equal to the
merits of "Nature and Art." The principal feature is the
illustrative department, and the admirers of chromo and
photo-lithography will be delighted with the specimens of
those beautiful arts in the numbers before us. The name
of Messrs. Day and Son's establishment is a sufficient
guarantee for the excellence of anything of the kind which
is issued under their auspices ; and the taste for litho-
graphy has spread so much in our day that there was
really a vacancy to be filled by a first-rate illustrated
periodical. The principal coloured plates in these two
parts are the new vegetable the Indian radish, the full-
striped quagga of the Zambesi, and the Ailanthus silkworm
in the No. 1., and a very beautiful Bhootanese bird, the
honey hunter, and a scene in the Trosachs Glen, and a very
perfect chromo-lithograph of a costly and elaborate fan
presented to the Princess Mary, on her marriage, by the
Duchess of Hamilton. The letterpress is worthy of the
illustrations, and is very readable and entertaining, besides
containing a good deal of varied information. It will be
noticed that a good many of the topics referred to apper-
tain to the geology and botany of foreign countries, and
this is likely to prove a conspicuous department of the
magazine. There are, however, numerous articles on do-
mestic matters, such as the future of the Academy, the
several Art Exhibitions of the season, the Breed of Horses
in this country and in France, &c. Among those of a wider
range we may mention a series on "Ancient Greek and
Roman Field Sports," beginning with the pastime of fishing;
"A ramble among the Crim Tartars ;" and a paper " On
Mummies," describing the process of embalming. Alto-
gether, "Nature and Art," though somewhat ambitious in
title, fulfils its pretensions, and addresses itself alike to the
student and the idler, the artist and the amateur, and, be-
yond all, to the man of cultivated taste and occasional
leisure who wishes to extend his acquaintance with "all
that is beautiful in nature and admirable in art."