The Sun.
London, England, 1861-08-15 00:00:00

• • '
, - • • '• • ' _ _ _ _ • •
)r•
THE StTN, LONDON, TRETRSDA. EVP"L'N'iN.4.)r-, AUGUST 15, 1861.

.Z.:ONBY MARKET AND CITY NEWS.

THIRD EDITION.

LONDON AND SOUTH WESTERN

OUR IRON TVALLS AND TILE

771-2 PASTA OF EGIP:I.

RAIL WAY.

ADMIRALTY.

CITY, Two O'CLOCK.
ALTERATION IN THE BANK RATE OF
DISCOUNT.

HALF-YEARLY MEETING-(THI3 DAY.)

As the family jewels'of the House of Gillman
were actually sold by auction last week in Bond-
street, it is hard to say to what extent Royal
economy may not be carried; but the Viceroy of
Egypt is at this moment outstripping even his own
suzerain so completely in the race of retrenchment
that, if the mood does hut last, a thiraculous
ex-
ample will be given to all embarrassed Princes.
The Pasha's affairs were considerably " involved."
The debts of his Government, it is true, were small
in comparison with those of more independent
for liable
he
Suez nearly
eanal Company—an engage-
ment £3,000,000 more in con-
exStates, but serious enough when measured against
the resources of his position; His Highness owes
about £7,000,000, in addition to which obligations
he
to which no financier could affix any satisfac-
tory denomination. These debts, teo, are on the
increase, being necessarily swelled by the extrava-
niios
gance which originally created them, end the
revenue of the country has already been anticipated
t
to the extent of an entire quarter. Under these
circumstances the Viceroy took his finances
seriously in hand. His first idea, not unnaturally,
wcs that of a loan, and MeL,srs. Laifitte, the great
Parisian bankers, were not unwilling, on certain
terms, to accommodate their princely customer.
Their conditions, however, were somewhat un-
inviting. The sum which they offered to advance
was hardly sufficient to place the Pasha at his
ease again ; it was to carry a heavy interest ;
it was to be rigorously secured; and the Viceroy
moreover was to bind himself to incur no fresh,
liabilities till this debt was cleared off. The
nominal rate of charge was only 5 per cent., but
what with discount and other incidents of the trans-
action it became clear that twice this rate of interest
would not cover the demand. Tae terms were pro-
bably justifiable by the nature of the investment,
but they were fortunately so onerous as to alarm
the Viceroy for his funds and his freedom, and he
has applied himself to a better method of improving
his affairs.

The usual half- yearly meeting of the directors and pro-
prietors of this undertaking was held this afternoon at the
offices, Waterloo Station.
Captain Mangles presided.
The routine business having been transacted, and the re-
port taken as read,
The CHAIRMAN congratulated the shareholders that
although the past half-year had been one of great anxiety,
yet it was highly satisfactory for the directors to keep so
near the usual dividend. The present pinch arose from the un-
favourable state of the weather, which had altogether put a
stop to the Exeter extension. This circumstance of course was
an experimental one. All lines had suffered in consequence
of the depression of trade caused by the American War,
but it was to be hoped that a revival of trade would at no
distant period take place. (Hear, hear) Whatever might
be the impression of the value of the Exeter extension, he
felt confident that in a very short time the result of the
possession of such an extension would be highly remu-
nerative and satisfactory. The charges for engines had
been increased by three new ones being substituted
for three that had become unfit for service. The perma-
nent way was in very excellent order, and one of the good
effects of the unfortunate inquiry that took place at Wim-
bledon, on the occasion of the late melancholy accident,
was that the condition of the line was proved to be in first-
rate order, and the shareholders must think the verdict
of accidental death, that had been arrived at after a search-
ing investigation, very consoling. The Topsham Branch
was a most valuable one, and that, with the extension to
Exmouth, would:prove, he believed, a most important feeder
to the line. He could not help bearing his testimony to the
honourable and efficient way in which the Bristol and
Exeter Company had carried out the many transactions they
had had together. It would be seen by the report that tho
company had been able successfully to resist the many
aggressions that had been made on their territory,
but although, as far as they (the directors) were
concerned, they had had a maiden session,
in Parliament, yet the cost of opposing aggression had
been very considerable. He very much regretted the hos-
tility that they met with in Southampton, because the
directors had done all they could to increase the prosperity
of the town. The Yeovil station had been con-
structed at the joint expense of the Bristol and
Exeter, company and this branch had been opened and
had been found of great advantage. The purchase of
the Chard Railway had been completed, and the works
would be proceeded with as vigorously as possible, The
hon. gentleman having referred to the other items in the
report proceeded to notice the different financial accounts,
and said it was a matter of congratulation that the average
of their debenture debt to Christmas was 4.18, and up to
June 4.21, which was regarded as a highly favourable cir-
cumstance. He concluded by formally moving the adop-
tion of the regort.

Conviction often comes slowly; but the light seems to
have at last dawned upon our naval department that iron
men-of-war are a great fact, and must be built whatever the
cost. It is not a little singular, with all our supposed pro-
ficiency in a service so pre-eminently English, we should
have allowed the French nation, or the French Emperor,
for we must conclude it is his work, to forestall us in the
manner he has done, and to lead the way where it might be
inferred under the circumstances he would merely be a
copyist ; but there it is—no disguising the fact that at the
present moment France possesses 11 ships of the Warrior
class and 17 others are in process of building; whilst we
can only boast of two ships in a forward state, and a few
others laid down. Last week tenders were issued for three
more ships of still larger dimensions than the Warrior, and
rather to our surprise, we observe the names of firms included
in the list who, without being invidious, have given no
pledges to the world of their ability to execute works of so
formidable a character. It is no time for huckstering or
bargaining ; the very salvation of the country might depend
upon having -these cyclopean defenders promptly and effi-
ciently built; and we can hardly suppose for a moment,
after all that has transpired, the building of these ships will
be entrusted to any but first-class firms. So far as the trial
of the Warrior is concerned, the result is even more fa--
vourable than was anticipated, although she is at least
twelve months behind the time contracted for, and has
thus caused a delay in following out what was, at the time,
looked upon as an experiment, but has now become a prac-
tical reality. Reverting to the working of that important
department (the Board of Admiralty), the discussions in
Parliament appear to be producing some fruit, and a greater
desire is evinced to study pubic feeling by rendering the
navy more popular as well as more efficient, both in ships
and men; and we are glad to see, for instance, that fiat
management of the naval reserve is committed to the charge
of Vice-Admiral Sir Fredk. W. Grey, a most excellent offi-
cer, who has been lately appointed a lord, and is well known
to our mercantile marine as having been in command at
Constantinople during the Russian war, where he earned
golden opinions, and by his judicious management of the
transport service, saved the country a large sum of money
—costly though the operation was. We may have fine
ships and good commanders, but able and willing men to
work them are essential ; and we feel convinced that the
large experience and great popularity of Admiral Grey
will render this task an easy ono for him. In bidding for
seamen reared in the mercantile service a more liberal and
enlightened policy than that hitherto pursued is absolutely
' necessary—no cheese paring or parsimonious treatment
will now answer. We may add, as regards Admiral Grey,
that he was instrumental in establishing a " Sailors' Home"
at Constantinople, which was of great utility in that be
aghted place,te
Capean d o
f o
that he has
Hope l aoteel y
station,retu r n
wheredfrom h
thee
was
enabled of the
enabled to facilitate the movement of transports and troops
ofsrto.m the mutiny of the
nativegoin out to the.—l army.—Lis
es:puoeoloDf alailydiPa

The directors of the Bank of England have re-
duced the rate of discount to 41 per cent. Although
the appearance of the Money Market indicated the
probability of a speedy alteration, many thought
that a delay of another week might have been
deemed advisable. The measure, however, has not
produced any astonishment, and its effect at the
Stock Exchange has been unimportant.
About £12,000 in gold was purchased by the
Bank of England yesterday.
At the forthcoming meeting of the Ottoman
Bank proprietors a dividend of 8 per cent. per
annum will be proposed.
To-morrow, a call of £2 per share, the total
amounting to £120,000, is due on the Recife and
San Francisco Railway Shares.

The shipments of specie to America are now con-
ducted on a very limited scale, the Teutonia which
left Southampton yesterday for New ork having
only taken £515 from London and £6,190 from
Havre, while the City of Washington, from Liver-
pool, conveyed £5,300.
The half-yearly dividend on Peruvian 41 per
Cent. Bonds has been announced for payment on
and after the Ist proximo.
In the Liverpool Cotton Market yesterday the
demand was very moderate, and prices receded id.
per lb. The sales were 7,000 bales.

At the first ordinary meeting of the East India
Irrigation Canal Company to-day, the report stated
that the receipts from July, 1858, to the Ist inst.,
amounted to £45,023, and the total expenditure to
£3,822, exclusive of interest paid to shareholders
in excess of the amount received from
investment. The directors congratulated the
shareholders upon the incorporation of the
Company, with limited liability, by the special Act
of Parliament, and also upon the satisfactory
understanding that has been arrived at, after a
most difficult and lengthened negociation and con-
troversy, with reference to the terms under which
the first scheme of works is to be undertaken.
The directors of the London and North Western
Railway have just announced their intention to
declare a dividend at the rate of 31- per cent., leav-
ing £12,000 to be carried over.

All branches of expenditure, private as well as
public, were at once cut down. The army was re-
duced at a few days' notice to 5,000 men, and even
the police constables were disbanded in great num-
bers. The Viceregal household came in ior its share
of the retrenchments. All the horses in the stable
were sold, except a dozen or so—a very small allow-
ance for an Eastern Prince. Even the plate from
the Pasha's table was disposed of, and the silver
helmets of the Life Guar: .s were despatched to the
Mint, to be turned into money. A reign of economy,
in short, has now been proclaimed at Alexandria as
well as Ccostnntinople ; and, if the system should
be permanent, we may soon see Oriental despotisms
ranking among the model Governments of the
world. This, however, is of course a point on
which there is much misgiving. The fit is thought
too strong to last, and it is feared that when the
novelty of the attempt has worn off these salutary
resolutions may be abandoned for extravagance
more in keeping with traditional policy. We
sincerely trust this may not be the case. The
political position of
Egypt is so peculiar that any
therefore, : t ot
serious embarrassment of its Government would.
r
be attended with worse difficulties than those of
finance. It is above all things desirable that the
Viceroy should be independent, and independence
is
re an r i tfl.i es tHo
Highness
nos wei bll eaa s sed de 11
h
cane
en
cordial approbation of this country-by persisting in
the system of economy now proclaimed. England
wishes to see him rich and prosperous, with an un-
encumbered exchequer and a contented population.
To such a position he may certainly attain, for the
pretend.
resources of Egypt are inexhaustible, and they
may be developed instantaneously by good govern-
ment and economical administration.
It has not been overlooked at this crisis of affairs
that Egypt is one of the candidates for the privilege
of supplying our markets with cotton. The country
is well adapted for the cultivation of the plant, and
exports the wool to some extent. The fertility of
the soil is so great that its capabilities would be
almost without limit ; but the products of the land
are judiciously arranged as it is, and labour and
capital are too scarce to admit of much fresh terri-
tory being broaght under cultivation. The actual
tillers of the earth are so poor that they can only
carry on their work by means of advances, like
the indigo growers of Bengal; and that system,
as we have learnt by experience, is always atten-
ded with invidiousness and trouble. Nobody,
however, questions the actual productiveness of
Egypt. Under good government the ,country
would always hold its own, and the Pasha, if
he desires to be independent and powerful, has
only to adhere for a short time to his present reso-
lution. Egypt may then assume a place in the
world's history such as she has not held for many
a generation. •

There has been very little movement in the
market for Public Securities to-day. A slight im-
provement, however, took place, when the result
of the Bank Court became known, Consols being
90-1 for transfer, and 901 x, for the 10th proximo.
The quotations appear buoyant, although the deal-
ings are restricted. The New Threes remain at
90f,- ,5,-; the Reduced 90Z- a ; India Stock is firm at
220; ditto 5 per Cent. 100=: ; Exchequer Bills,
March, are firmer at lls. to 10s. dis. ; ditto June,
Ss. to ls. dis.

Mr. HER PATH said he had great pleasure in seconding
die motion. He thought, on the whole, their present posi-
tion was one of great satisfaction.

Mr. TITS also felt quite satisfied with the position of
the company, and if they had to submit to a small diminu-
tion of dividend, other companies had to submit to a much
larger one than they had. (Hear, hear.)
The adoption of the report was then put to the meeting,
and carried unanimously.

SERIOUS CHARgE AGAIATST IRISH
90KERNMENT OFFICIALS.

At the head police-office, Dublin, on Tuesday,
Hamilton Connelly and John M'Elwain, the for-
mer described as an officer of Engineers in the
War Department, and the latter a builder, were
charged with having conspired to defraud her
Majesty's Secretary of State of sums of money to
the extent of £lOO,OOO.

Resolutions agreeing to the dividend recorded by the
directors were also carried unanimously.
After some formal business had been transacted, the pro-
ceedings terminated with thanks being voted to the chair•
man and the directors.

Business in the Foreign Market continues quiet,
and prices show no important variation. Turkish
6 per Cents. are 781 and 78/ ; ditto, 1858, have
improved to 691 I; ditto £lOO Bonds, to 711 ;
Sardinian are heavy at 781, and Brazilian at 99 ;
ci.uador New have advanced to 131 2, being;, per
Cent. higher, owing to the receipt of the following
Communication.

It appeared from the statement of the case for
the prosecution by Mr. Sergeant Sullivan that Mr.
M Dwain was the contractor over the Ordnance
Department for the repair of the barracks and other
Ordnance stores in the Dublin district. Mr. Con-
nelly was the chief clerk in the Ordnance Depart-
ment in that country, and it had been discovered
that frauds of a very serious character had been per-
petrated in relation to the moneys of that department
for several years past. The course of business in the
office s as this as contractor, from time
to time, sent in his bill, in which he stated the
amount of work he had done for the preceding
quarter. That bill, when examined in the head
office of the department, was certified by the com-
mandant-engineer, and he stated at the bottom of
It the sum that was payable to Mr. M'Elwain,
as contractor, and accordingly he signed his name
as vouching that sum to the head office in London,
which authorised them to direct the Paymaster-
General to transmit money to the amount certified.
It appeared that in several instances these certifi-
cates had been forged—that is subsequent to
the authentication of the same the sums were
altered, and increases to a large amount were
made. The whole accounts had been here and
there remodelled, and different items were so
inserted as to make them seem all square. These
forged accounts were transmitted to London,
and the officer there, seeing the signature of the
commandant officer of the Engineers in Ireland still
authenticating the document, and never suspecting
for a moment, directed the money to be paid to Mr.
M•Elwain. The informations likewise set forth
that the items fraudulently inserted in these bills
from time to time were in the handwriting of Con-
nelly, and in one instance Colonel Durnford's name
was forged. Their worships could well s©e that it
was a case requiring the utmost and most careful
investigation. The facts stated in the information
he (Sergeant Sullivan) believed raised a sufficient
case for asking the bench to remand it for the pre-
sent. He would risk for an adjournment to that
day week, so that the authorities in London might
be communicated with, and the Crown would then
be in a position to lay before them the whole facts.
On searching amongst the papers of Mr. Connelly
several most important documents were found, of
vital consequence, and which connected him still
more closely with this very serious crime. After
going into some evidence the case was adjourned
for a week.

" Ecuatorian Commission of Agency,
London. Aug. 14.
"Messrs. Gutierrez and Co. have forwarded to
their consignee in London 2,000 quintals of cocoa,
with instructions to hold the proceeds (about
£3,600), when sold, to the fiscal agent of the re-
public towards the payment of the interest on the
consolidated debt."

The last week's railway receipts, ascertained up
to this day, are in round figures as under :

1861. 1860.
North-Western £ 8,147 £98,625
South-Western
Brighton
'Midland

South-Eastern
Great Northern 29,303 27,411
Lancashire and Yorkshire
Ilristol and Exeter .. 8,076 7,373
North-Eastern
Ilanchester, Sheffield, and Lincoln.. 15,716 14,648
Great South and Western of Ireland 8,635 8,647
Edinburgh and Glasgow 7,427 7,268
getittish North-Eastern
Great Western of Canada
errand Trunk of Canada
these returns, in most instances, show an improve-
roeut, On the South-Western there is an increase
of £262 ; on the Brighton, of £5,294 ; on the Mid-
land, of £1,431 ; on the Great Northern, of £1,892';
on the North Eastern, of £926 ; on the Manchester,
Sheffield, and Lincoln, of £1,068; on the Edin-
burgh and Glasgow, of £159 ; on the Grand Trunk
of Canada, of £3,279. The London and North-
Western, however, shows a decrease of £478; the
South-Eastern, of £1,554 ; the Lancashire and
Yorkshire, of £1,067; and the Great Western of
Canada, of £253.

It would be curious enough if the Ottoman and
Egyptian Courts were to set an example of financial
wisdom at the moment the Democratic States of
America are throwing economy to the winds, and
plunging headlong into what must be National Debt
unless the consequence be averted by national
dishonesty. Many persons may, perhaps, feel dis-
posed to smile at the scheme of public retrench-
ment which commences in the stables of a Prince;
but in such a country as Egypt the personal ex-
penses of the Viceroy count for a great deal, and it
informedthat the
was impossible, indeed, to inaugurate a new system
ince
rat
ain any
totherhat if
manner. raid .
Pasha
We
has can
accurately only
trust
work has been sincerely undertaken, and it is at least
himself of the tendency of the recent negotiations he
must be aware of the magnitude of the peril and the
narrowness of his escape. Considering the nature of
the venture, the securities demanded by the French
capitalists were not, perhaps, unreasonable. Pro-
bably the money would not be procurable on easier
terms, but these terms would have left the Viceroy
bound hand and foot, though still embarrassed and
liable to the serious displeasure of the Porte.
It is hardly to be expected that the Sultan, in
the midst of his own reforms, would have seen the
revenues of Lower Egypt pledged to foreigners
without a protest ' • nor do we see that Said Pasha,
could complain if he were informed from Constan-
tinople that his tenure of the province gave him
no right to create a public debt by mortgage of
the public revenue. We trust, however, that this
danger is now past, and we cannot but think it
fortunate that the Viceroy's experience of borrow-
ing should have driven him to a safer method of
re establishing his finances.
No doubt the Pasha's difficulties remain very
serious, nor is it to be supposed that the
ments so resolutely effected on the spurof the
moment will go far to lighten embarrassments
w htch had all but brought about the transaction
with Messrs. Laffitte. Still these • •
proceedmas are
extremely creditable to the
Court, for they show a
determined spirit of economy, and, if that spirit is
carried out
And maintained Egyptian finances will
soon assume another complexion. The Pasha is
doing all that can be done at present, and he does
but continue in the same course he will find his re-
ward in wealth and prosperity. We, in England,
regard his decision with unqualified approval. We
know full well that the only way out of pecuniary
difficulties lies through thrift and economy. It is
seldom that much good is done by bor:rowing, and
the glimpse which the Viceroy obtaine d of his actual
position must have taught him a serviceable lesson.
When he found what was asked of,' him in return
for a loan not sufficient to give him immediate ease
he might well conclude that it was better to save
than to borrow. By a few years' eeonow.y he may
insure himself a twofold advantage—he will
effectually establish his credit, and., wb.at is still
better, he will be under no necessity of employing
it,—Times.

In the Railway Share Market a rathe,r firmer
tone was apparent, but the dealings were of a very
limited character. Bristol and Exeter, and South-
asterns, improved ss. ; and Great Westerns and
Midlands, 10s.
The Foreign and Colonial undertakings were in
limited favour. South Austrian and Lombardo-
-Venetian have declined to 161-; Bombay and Ba-
ruda to 941 ; and Great Indian Peninsula have
improved to 964.

THIS DAY'S MARKETS.

• -

CORN EXCHANGE.

hit ERIAL WEEKLY AVERAGES. Wheat, 51s Od ;
barley, 30s ld ; oats, 25s lld ; rye, 36s 7d ; beaus, 43s
83 ; and peas, 38s Od.
THE SIX WEEKS' AVERAGES. Wheat, 50s 9d ;
barley, 30s 3d ; oats, 25s 7d ; rye, 36s Ild ; beans, 42s lld ;
peas, 39s 6d
ENGLISH GRAIN SOLD LAST WEEK.—Wheat, 73,540 ;
barley, 1,201; oats, 2,409 ; rye, 57 ; beans, 1,586 ; peas,
281 quarters.

Joint-stock Bank and Miscellaneous Shares have
%Gen in very limited demand, and no material change
has taken place in prices.

BRITISH FUNDS—CLOSING PltteFr,Q.
;Per Cent. Reduced Annuities 9oa i
per Cent. Consuls Annuities
New 3 per Cent. Annuities
Annuities, 30 yrs, expire sth Jan., 1880 —
Ditto for 30 yrs, expire sth April, 1885.. 15 11-16
India Stock
Ditto 5 per Cent.
Ditto Loan Scrip, 5 per cent
Ditto Enlaced Paper, 4 per Cent. —
Ditto 5 per Cent.
Ditto 51 per Cent.
intto Debentures, 4 per Cent., Oct., 1863 96f
r, Dith Bonds 13,000
, fnisiois for Account, Sept. 10 -
412xlia, Stock for Account, 5 per Cent .... Do t
Mar. 2d p. day. 1 June 3: p. et
exchequer Bills, £l,OOO, 2d ll 10 die 5 dis

£soo'

D. tto
Ditto Small
FOREIGN FUNDS—CLOSING PRICES.
•I'azilian 5 per Cent .. 99
Ditto 41 per Cent., 1852 BB
E,quador New Consolidated
1\ ew Grenada Active, 31 per Cent. —
, Ditto Deferred sa
eortuguese 3 per Cent., 1853;
Ditto Account
Russian 5 per Cent. 1822, £ St • •
Ditto 41 per Cent.
Ditto 41 per Cent., 1860 B9l
isarklinian 5 per Cent
Ditto Account
SPlnish 3 per Cent
Ditto Account'
Turkish 6 per Cent .. 78±
Ditto Account
Ditto New Loan
Ditto Account
Ditto £lOO Bonds
Ditto Guaranteed, 4 per Cent.
Ditto Account
Dividends on the above payable in London.
THREE O'CLOCK.
Consols, Money
Ditto Account

THE CARDROSS CASE.—A private mt eting of the
Commission of the Free Church was held on Tuesday night
in the Free Assembly Hall, Edinburgh, to , eonsider what
steps should be taken by the church in cons( quenee of the
recent decision by the First Division of the Court of Ses-
sion in the Cardross case. Dr. Candlish,:mo aerator of the
General Assembly, presided, and there was a large attend-
ance of members. A very free and harmonitras ilaterchango
of opinion is reported to have taken place, and ultimately it
was agreed that in the meantime there should not be an ap-
peal to the House of Lords.—Scotsman.
A WORD ON TRE REARING OF COTTON.--The
quantity of seed sown to an acre is
half a bushel. The first material
car' on an average, about
s failing on the culti-
vator, after the plant has attained a certain amount of
strength and elevation, is the joint operation of hoeing and
cleaning. This latter consists in freeing it from grass and
weeds, and spontaneous growth of which is generally rapid,
and its effects so noxious that it must be dealt with by a
summary process of ejectment or extirpation. This takes
place between April and .Tune. Then comes thinning, which
involves toil and judgment, and is likewise performed chiefly
during the act of .hoeing. When the boles crack, which
they do with a loud explosive noise, very appreciable by
the ear, it is a signal that the season for plucking the fleecy
treasure has arrived. This gathering the crop, which is
alson work of time, delicacy, and patience, peculiary with
adapted to the minute instrumentality of a child's hand,
commences about the middle of August, and is brought to
completion with the month of November. As the value of
g
the wool depends very mainly upon the cleaning or gin-
ning, great attention should be iven to this important
operation, which is so differently accomplished on different
estates, that it is often a principal cause of the variation in
price of the same description of produce. It is thought
that if the Egyptian cotton were thoroughly well ginned,i
and thus freed from the gross impurities with which it s
commonly mixed, it would approach nearer in vane to the
imperfections n
in cleaning prevalent
genuine Sea Island than any other sort imported i. a
Egypt,
but with
the present
the innate quality of the material, which is exceller ,t, under-
Igoes a false and unnecessary deterioration. 0 1 wool in
this clean condition five hundred weight is the average
yield of four acres of plantation-.-Once a Wok.

SOUTH LANCASHIRE ELECTION.—The nomina-
I;
,°ll of candidates for the third seat in Parliament for
-011th Lancashire took place at Newton-in-Mackerfield
teisvterday morning, at ten o'clock. Mr. Brocklebank, of
erPool, proposed John Cheetham, Esq., as a fit and
Th'l.°l3" person to represent South Lancashire in Parlia-
,-,,ent• Mark Philips, Esq., of Manchester, seconded the
-urranation. William Entwisle, Esq., of Manchester, pro-
-I:4)seci Charles Turner, Esq., as a fit and proper person to
i7resent the division in Parliament. Mr. Shand, of
~Iver Pool, seconded the nomination. Mr. Cheetham then
"'"drossed the assemblage, amid the cheers of his friends,
%aro the counter cheers of his opponents. Mr. Turner fol-
%l', ecl, being received with cheers by his friends, and with
..11.er noises by his opponents. A show of hands was after-
-17:148 taken, which the Sheriff, who presided, declared to
beto favour of Mr. Turner. A poll was demanded on:
41 ,1,1.4110 f Mr. Cheetham. A vote of thanks to the presid-
e:. °Meer terminated the proceedings. There was a great
no°ilrs3 of people, and intense excitement exhibited:
Ane instalment of 20 per cent. falls due on India
loan
On Tuesday next, but more than £2,000,000 of the
has already been paid in full.
tol he Victoria Loan of £1,000,000, contractel on
e 25th ult., on which only a deposit of 5 per cent. has
on p,L:eh Paid, will have to be paid in full by the subscribers
T •4,Y, the 16th.
rili SECOND DEATH THE EXPLOSION
yip A
BtIaie,PARArPIN LAmr.—Last night Mr. G. S. Brent re-
'pa and concluded an inquiry at the Bank of England
bt:raner'
rit, Pack ington, on the body of Mr. Montmorency
Stokes.
already been particulars of each inquiry have
been before the • public. The jury found "That the
etlth of the said Montmorency Durant Stokes was caused
4teide
icit4lly 4134 by misfortune."