The Sun.
London, England, 1861-03-14 00:00:00

RAILWAY _INTELLIGENCE.

EDINBURGH AND GLASGOW.
The half-yearly meeting of this company was
held in Glasgow on Tuesday, Mr. P. Blackburn,
M.P., in the chair.

The CHAIRMAN moved the adoption of the report,
and said it must be satisfactory to the shareholders
to see the steady increase of the receipts half-year
after half-year. If they could only keep down the
capital account, which had always a tendency to
increase, he hoped their dividend would continue
to increase. With regard to the expenditure on
the plant, he was afraid there was no possibility
of decreasing it, while the mineral traffic in-
creased. He thought the opposition to the
Amalgamation Bill was a mistake, that it would
be beneficial to the shareholders and the pub-
lic. He complained of the opposition of the
corporations of Edinburgh and Glasgow, and
expressed his willingness to meet them in a fair
and liberal manner, but they did not appear to
understand, and said they would oppose the Amal-
gamation Bill on principle.
Mr. DUNLOP seconded the motion.

A long discussion ensued, in which Mr. Comrie,
Mr. A. Paton, Mr. M‘Gavin, and other share-
holders took part ; in the course of which the
report was adopted, and the dividend, at the rate of
41 per cent. per annum, was declared.

WEST HARTLEPOOL.
The annual report of the directors of this com-
pany stated that the revenue for the year 1860
amounted to £220,344, which, added to £3,796
brought from the preceding account, made £224,140
for the year, as compared with £200,022 for the
year 1859, being an increase of £24,118; charging
the working expenditure with £103,063, and taxa-
tion and way-leaves £4,434, a surplus remained of
£116,642. After deducting £31,386 for interest
on preferential capital, and £43,400 for interest on
loans, there remained a balance of £41,855, out of
which a dividend on the consolidated stock at the
rate of 5 per cent. was recommended and subse-
quently declared, leaving a balance of £3,168.
The amount expended on capital account was
£2,654,603, leaving a balance of £31,476 in
favour of the company. The progress of the traffic
had been very satisfactory. In the year 1854 the
income of the company amounted to £129,732 ; in
1855, to £145,092; in 1856, to £164,136 ; in 1857,
to £176,733; in 1858, to £178,497; in 1859, to
£200,022 ; and in 1860, to £224,140.

PORTPATRICK.
This line was opened for public traffic from Castle
Douglas to Stranraer on Tuesday. It is a single line
having works for a double line, the length being 53
miles. The formal opening took place on Monday
by the directors and a large body of the share..
holders passing over the line from Stranraer to
Castle Douglas, and back to Newton-Stewart,
where the event was celebrated by a public dinner,
at which Lord Dalrymple presided.

CALCUTTA AND SOUTH-EASTERN.
An extraordinary meeting of this company was
held yesterday, at the offices, Gresham.house, Mr.
J. Borradaile in the chair.

The CHAIRMAN stated that the object of the meet-
ing was to authorise the directors to raise addi-
tional capital to the extent of £50,000. The in-
creased cost of labour and of the bridges, together
with the operation of the double duty on materials
imported for the construction of the railway, had.
rendered more capital requisite. He concluded
by moving a formal resolution, authorising
the directors to borrow on debentures any sum or
sums of money not exceeding in the whole £50,090,
the rate of interest not to exceed 5 per cent. per
annum, and the debentures to be convertible into
10,000 shares of £5 each, any time after the expi-
ration of 12 months from the date of issue.
Mr. MARSHMAN seconded the motion.
After some suggestion from Mr. ADAMS and Mr.
HARTRIDGE, the resolution was unanimously
adopted, and also other formal resolutions, autho-
rising the conversion of the debentures into shares
of the company as and when required by the
holders.

MADRAS.
The traffic receipts on the open portion of the
south-west line of this railway for the half year
ending the 31st of December last amounted to
£36,849 on 137 miles, against £31,835 on 96 miles
in the same period of the previous year. It appears
the directors have received accounts of the opening
of a further section of 70 miles of this line, westward
from Tripatoor, on the Ist of last month, making
the entire length now open 207 miles, from Madras
to Salem.

ILLINOIS CENTRAL.
The traffic receipts on this line for the third
week in February amounted to 79,053 dols., show-
ing an increase of 23,046 dols. over the correspond-
ing week in 1860. The cash receipts of the land
office from the Ist to the 26th of February were
43,000 dols., and the sales of land for the same
period amounted to 100,173 dols., as against 18,660
dols for the corresponding period of last year.

THE FRENCH LEGISLATIVE
CHAMBERS.

PARIS, MARCH 13.
The debate on the address was continued today
in the Corps Legislatif.
M. Keller examined all the phases of the Em-
peror's Italian policy. He criticised the course
followed by France, and warmly defended the
temporal power of the Pope. He considered that
the Government not only appeared to renounce all
its former engagements, but, in consideration of
'the attacks made against the Pope, its condescend-
once seemed to be assured to the spoilers, and its
rigours to those wbo had been despoiled. Nothing,
he said, justified such conduct. It is not before
Piedmont that France has moved backwards.
Behind Piedmont there is an astute power of whom
Sardinia is the tool. This power is the revolution,
supported by England, personified in the person of
Orsini [prolonged agitation and very loud murmurs
in the house]. M. Keller also recalled the mani-
festations of the army and of the great bodies of
State, who, at the time of the attempt against the
life of the Emperor, desired that the guilty parties
should be reached who were preparing all those
machinations under the shelter of the hospitality
of England. " Such," he continued, "is the pro-
gramme of the revolution patronized by England,
and which has found its realization. It is this
revolution which, holding bombs in one hand and
daggers in the other, would establish at the doors
of France a State of 25 millions of inhabitants,
having Rome for its capital. In such a state of
things, when we ask what the Government intends
to do, it gives no answer."
M. Billault—The Government will give an
answer.
M. Keller then maintained that a struggle was
going on between the Catholic faith and the revo-
lutionary faith as in 1848. " France," he said,
" was frankly revolutionary in 1793 ; frankly a
conqueror under the First Empire; and finally
frankly conservative in 1848. But as regards
yourselves, are you revolutionists P are you conser-
vatives ? or will you remain spectators simply of
the combat ? Say what you are! You have re-
nounced combating against revolution in the hope
that it would content itself with the concession
which you would impose upon the Catholics. Yon
wished to obtain pardon from revolution, forgetting
that it never forgives, and from the Church, which
is resigned to everything except, however, to ap-
prove the acts of those who despoil and deceive
her. Turin, as well as Rome, has replied, 'No
mutual concessions.' Instead of choosing between
Rome and Piedmont, you remain at Rome with the
Pope, and allow Piedmont to reach it step by step.
It is time to arrest yourselves on the fatal slope
along which the enemies of France and of the
dynasty are pushing you. The time has arrived to
break the silence which so powerfully encourages
the Italian revolutionists, and to return to the policy
of Villafranca. It is time to look revolution in the
face, and to say to it, Thou shalt go no further.'
'the opinion which I express is that of a man de-
voted to his country, and to his Government, and
who is guided by his conscience.
M. Billault—The Government wished to await
the discussion of the paragraph of the Address, but
the increasing violence of the attacks—(outcries
and interruptions). M. Billault (after this inter-
ruption) complained of the violent attacks against
the Government, and protested against the allega-
tion that the Government drew back from fear of
the assassin's dagger. He could not have believed
it possible that such words should have been tittered,
and desired that the Chamber should reassume
tranquillity. He then explained the nature of the
Italian question, which he said " comprehended
other interests than those of the Papacy?' He de-
monstrated that the influence of Austria had been
destroyed in Italy, and continued—" The Govern-
ment of the Emperor, being itself founded on the
popular will, could not repress the same in other
countries. The Great Powers have done nothing
for the Pope. The Emperor has alone protected
him. The Government wishes to reserve the other
explanations until the discussion of the other para-
graphs of the Address."
The general debate on the Address then closed.

telegram from Lisbon states that, owing to the
bad prospect of the grain crops from excessive rain, the
Ministry contemplate introducing a measure for the perma-
nent admission of wheat at a fixed duty of Ss. Supposing
the harvest this year to be disastrous, a free importation
will probably be allowed fora limited period,

MONEY MARKET AND CITY NEWS.

CITY, Two O'CLOCK.
There is a quieter demand for money to-day, and
approved commercial securities are negotiable at
reduced quotationg.
The directors of the lonian Bank have declared
a dividend at the rate of 6 per cent. for the half
Year ending 31st December last.
In the Liverpool Cotton Market yesterday there
Was a rather more active demand, and prices were
steady. The sales amounted to 10,000 bales.
The last week's railway receipts, ascertained up
to this day, are in round figures as under

.
North-Western £715,8 6114.2 2486,"302.8
South-Western
12,57815,719 1131+343192
I:ighton
Midlandd
38,92459 16,049 87,252
South-Eastern
Great Northern 24,697 23,136
Lancashire and Yorkshire
Bristol and Exeter
North-Eastern
Xdinburgh and Glasgow 6,230 5,460
Grand Trunk of Canada
8,226
Great Western of Canada

These returns show a continued improvement in
the receipts of most of the principal lines. On the
North-Western the increase amounts to £774, on
the South-Western to £1,947, the Brighton £1,234,
the Midland £1,672, the Great Northern 11,461,
the Lancashire and Yorkshire £561, the North
Eastern £2,068, the Edinburgh and Glasgow
X 770, and the Great Western of Canada £1,361.
The Grand Trunk of Canada shows a falling off of
£1,788.

The traffic receipts of the South Austrian and
Lombardo-Venetian Railway for the week end-
ing the 4th inst., exhibited an increase of £5,367
compared with the same period in 1860.
At the half-yearly Court of the Proprietors of
the Bank of England, held to-day, a dividend of 5
per cent. was declared.

The annual meeting of the shareholders of the
Van Dieman's Land Agricultural Company has
also been held to-day, when the directors report,
recommending a distribution of ss. per share was
declared, free of income tax.
The Bank of England Directors have separated
after their weekly Court without making any
alteration in their discount regulations.
There has been very little business in the
English Stock Market to day, and the quotations
have been well maintained, Consols being 91-1,- i
for money, and 92i s for the account. Speculation
continues dull, but a few purchases have been
erected in consequence of the improved tendency
or monetary affairs. A special transfer has taken
Place in the New Threes, at 91 ; India Stock is
221 and 223; ditto 5 per Cent. is flat at 1001 a ;
ditto New Scrip is at 1001 ; Exchequer Bills, 11d.
per diem, remain at 6s. to 2s. dis. ; ditto 2d. per
diem, at as. prem.
Very little business has taken place in the
Foreign Market, but prices have improved.
Turkish 6 per Cents. are 72 to 73 ; ditto, 1858,
636 to 541; ditto £lOO Bonds have advanced to
65i ; Buenos Ayres to 891; and Grenada Active to
16:1 ; Mexican have been rather actively dealt in
at 241 ; and 24! y.
Business in the Railway Share Market has con-
tinued inactive, but late rates are supported for
Most of the principal British undertakings. Great
Western, Manchester, Sheffield, and Lincoln, and
North Eastern (Berwick) have improved ss. ; and
Lancashire and Yorkshire, North Western, and
West Midland have declined ss.
In the Foreign and Colonial Markets the trans-
actions have been extremely limited. Grand Trunk
of Canada have realised 21i 211; and Great
Western of Canada declined to 111.
Joint-Stock Bank and Miscellaneous Shares have
been in moderate request, at about previous rates.
Ottoman Bank, however, have improved 55., and
South Australia 55.; Australian Agricultural,
Berlin Water Works,and Royal Mail Steam realise
previous values.

BRITISH FUNDS—ONE O'CLOCK.
Iper Cent. Consols Annuities
91f 1 2
ow 3 per Cent. Annuities Shut 91a 1
India Stock OO .• .. ~.. 221 3
Ditto b per Cent ..
Ditto Scrip
Ditto Debentures, 1858 951
Ditto, 1859 9sf
Ditto Bonds £l,OOO —
Oitto under £l,000
Consols for Account 92a t
lid. I 2d.
Exchequer Bills, £l,OOO, 11(1
Ditto £5OO
Ditto Small
FOREIGN FUNDS -OND O'CLOCK
Buenos Ayres, 6 per Cent 000 .••••
Ditto Account
/4exican 3 per Cent 241 1 I f
Ditto Aocount
Peruvian Grenada Active, if per Cent.
4f per Cent 93f f
Turkish-6 per Cent .. 73 2
Ditto Account "2f I
Ditto New Loan
Ditto Account ' 531 4/
Ditto £lOO Bonds
Dividends on the above payable in London.
Belgian, 4} per Cent., En. 25f. 97f

TWO O'CLOCK.
Consols' Money 911
Ditto Account 92i

THE WEATHER.

METEOROLOGICAL REPORTS.

This Day, ' 1
between 8 and B. E. M. D. F. ', C. I. S.
---___ 9 a.m.
Nairn 2911 47 42 w.S.W. 8,7 c. I.
3
„,Aberdeen
Leith 30*01 47 46 S.W. 4' 9 3
, o.
Berwick 30.03 43 40 W. 3 3 c. 2
Ardrossan
Portrush
shields
Galway 30.11 49 48 j S.W. 81 4 c. 6
t3earborough 30.18 38 36 j W. 3 4 b. j 3
Liverpool 3O/4 41 40 S. S.E. 2I 6 c. 1
„(preenstown 3OIZ 46 44 W. 3 Ic. 2
armouth 30/7 36 35 N.W. 2 1 b. 3
London •• • • 30.29 47 34 W. 2, 4 b.
Portsl)o:ier
pMOUth
p?„rtlanra
, oUtd h , 30.35 38 36 E N.E. 1 1 f. rn 1
Penzance
Jersey,

EXPLANATION.—B. Barometer, corrected and reduced
"2. deg at mean sea level each 10 feet of vertical rise
rising about I-100th of aninch diminution, and each 10
deg above 32 deg causing nearly 3-100ths increase. E.
Exposed thermometer in shade. M. Moistened bulb (for
evaporation and dew-point). D. Direction of wind (true-
7°, magnetic). F. Force (1 to 12—estimated). C. Cloud
1 9). I. Initials :—b , blue sky; c., clouds (detached);
~..,"ag• • h,, hail ; 1., lightning ; m., misty (hazy) , 0.,
repeated
(dull) ; r., rain ; ' , snow • t., thunder. A letter
augments—thus, r.r., much rain. S. Sea disturb-
Alice (1 to 9).

Be fIND AND WEATHER
Bast, W.; gloomy
oringham,N.W.; very fine
Bton, S.W. ; fine
trighton, w.N.w. ; fine
Bristol, N.E. ; fine
Cardiff, N. W. ; fine
Chatham, N.N.W. ; fine
Coleraine, W.S.W. ! fine
Deal, N.W. ; fine
Dublin, S.W. ; fine
Dundee, N.W. ; fine
Edinburgh, N. ; fine
Falmouth, calm ; fine
Glasgow, N.W. ; damp
Goole, S.E.; fine
Gravesend, W. ; fine
Harrogate, N.; fine

LEPORT, Tins DAY, 9 A.M.
Holyhead, S W. ' • fine
Hull, W.S.W.; fine
Inverness, W. ' • dull
Leeds, N.W. ; fine
Londonderry, N.W. ; fine
Lowestoft, W.N.W. ; fine
Manchester, S.W.; fine
Milford Haven, S.E. ; fine
Newcastle on Tyne, S.W.;

fine
Sheffield, N.E. ; fine
Sunderland, S.W.; fine
Wakefield, E. ; fine
West Hartlepool, S,W. ; fine
Whitehaven, S.W.; dull
Wolverton, N. W. ; fine

THE SIEGE OF MESSINA.
The Turin Gazette
publishes the precise terms oftheletter of General Cialdini,
him by in reply to the one sent General Fergola ;
" General,—In reply to the letter which hic you have done me
the honour to address to me to -day imust tell you that
Proclaimed King of
e will hence-
Ring Victor Emmanuel having ben,
rocnct
Italy by the Italian Parliament, your
Coondu
forth be considered as open rebellion
not grant either to you or to your garrison
I shall
any
capitulation, but shall require you to surrender atformdiscre-
tion.of If you fire upon the city I will shoot, on takig
Possession of the citadel, as many officers and soldiers of then
garrison as are killed by you in your fire against Messina;
Your personal property, and that of your officers, will be
confiscated for the benefit of the families of peaceable citi-
zens, to compensate them for the injuries which you may
have caused ; and, finally, I shall give up you and your sub-
ordinates to the people of Messina. I have the character
of keeping my promises, and, without fear of being accused
of boasting, I declare that you and yours will very soon be
Ili my hands. Reflect, then, and act as you please. I will
not recognise you any longer as a soldier, but as a veritable
assassin, and as such entire Europe will regard ysu."
communication has been received by the direc-
tors of the Smyrna and Aidin Railway, through the Turk.
1811 Embassy in London, announcing- the completion of a
supplementary concession, authorising the company to issue
z. 50,000 in dstbentures, and granting a prolongation of
t 411 a! for completing the works to Aidin, the period fixed
lunder,, the original concession having expired on the 23d of
? pteraber last. The extension is for three years, and the
debentures are to bear 6 per cent, interest redeemable in five
Years,