The Sun.
London, England, 1857-05-11 00:00:00

SUN, LONDON, MONDAY EVENING, MAY H, 1867\

Naval and Illilitlry intelligence.

The following officers, belonging to regiments
serving in India, have received an order from the
War-office to hold themselves in readiness to pro-
ceed to join the head-quarters of their respective
corps with the detachments for India proceeding
from Chatham garrison, viz. :—Col. A. G. Black-
ford, 24th Regt. • Lieut.-Colonel J. C. Otter, 61st
Regt. ; Major W. C. Mollan, 75th Regt. ; Capt.
F. Clar,k 24th Regt. ; Capt. W. Croker and Capt.
H. Mitford, 27th Enniskillens ; Capt. W. Power,
32d Regt. ; Capt. Mure, 43d Light Infantry ; Capt.
C. P. Heathcote, 52d Light Infantry ; Capt. H. J.
Robertson and Capt. J. Maguire, 60th Rifles ;
Capt. A. J. 0. Rutherford, 70th Itegt. ; Capt. C.
Venables, 74th Highlanders ; Capt. W. Nott, 83d
Regiment ; Captain S. Hughes, 84th Regiment ;
Captain Welman, 86th Regiment ; Captain W. F.
Ring, 87th Royal Irish Fusiliers ; Ensign A.
Maynihan, V.C., and Ensign A. D. Corfield, Bth
Regiment ; Lieut. R. H. Travers, Lieutenant W.
B. Logan, and Ensign J. Johnstone, 24th Regi-
ment ; Lieut. A Cottee, Ensign H. M. Caine, En-
sign LI W. Desborough, Ensign Dixon, and En-
sign Clay, 27th Enniskillens, Lieut. C. R. Ricketts
and Lieut. H. S. Stabb, 32d Regiment ; Lieut. J.
Davis and Ensign H. E. Fryer, 35th Royal Sussex
Regiment ; Lieut. J. B. B. Eliott, Ensign H. C.
Talbot, and Ensign J. E. K. Morley, 43d Light
Infantry ; Ensign W. Owen and Ensign S. L. Pids-
ley, 52d Light Infantry ; Lieut. H. Buck, Lieut.
E. D. Fenton, Lieut. R. F. Stoney, Lieut. C. 84-
nall, and Ensign G. C. Sidebottom, 53d Regiment ;
Lieut. G. B. Macqueen, Lieut. J. Steel, Lieut.
E. R. King, Harman, and Lieutenant J. 0.
Young, 60th Rifles ; Lieut. D. Reid, Lieut. T. E.
Gordon, and Lieut. Wilcox, 61st Regiment ; Lieut.
C. H. Laprimandays and Ensign W. Morrison,
64th Regiment ; Lieut. W. T. M'Grigor and Lieut.
J. W. Madden, 70th Regiment ; Lieut. R. E.
Deare and Ensign F. Parry, 74th Highlanders ;
Lieutenant C. C. Abbott, Lieutenant L. Brown,
and Lieut. W. H. Urquhart, 75th Regiment ; Lieut.
T. Anderson, Lieut. W. W. Young, Ensign E. J.
Fitzsimons, Ensign W. Thompson, and Ensign R.
P. Butler. 78th Highlanders ; Lieut. M. Hanley,
Lieut. J. H. Fane, Ensign W. H. M. Jackson, and
Ensign S. W. Bell, 81st Regiment ; Lieut.•T. P.
Wright, Lieut. C. C. Gore, and Ensign N. Penne-
father, 83d Regiment ; Lieut.- P. Chute • and
Lieut. Du Vernet, 84th Regiment ; Lieut. T. R.
Hamilton, Lieut. A. N. Wilson, Lieut. V. G.
Coates, and Ensign G. S. Jackson, 86th Regiment;
Ensign G. W. Marsden and Ensign F. F. Dove-
rein, 87th Royal Irish Fusiliers.
On Saturday the officers and men of the depots
of the 32d, 35th, 61st, 70th, 81st, and 87th (Royal
Irish Fusiliers) Regiments were formed on the
parade ground of the Provisional Battalion, Chat-
ham, after which they marched to the inner lines,
where they were inspected by Col. IL Jervis, com-
mandant of the Provisional Battalion, who exa-
mined their nea•clnthing and necessaries. The num-
ber of troops furnished by the abOve depo',s for their
service companies in India is about 500, the whole
of whom are ready for embarkation.
. The Princess Charlotte, 104, sailing three-decker,
Captain'George St. Vincent King, C. B , &c., fit-
ting out at Portsmouth as a floating barracks for
troops on the China station, is ordered to be out of
hand by the end of the month. Cabins are being
-Qttel up for the military officers who may have to
go on board her. The troops 'will sleep in ham-
mocks, each man having two blankets, which is
considered to be a much more comfortable way of
sleeping on board ship than on the hard boards of

the ;lea:. The Princess Charlotte will h•tve ac-
commodation for 1,000 men and officers, who will
be berthed on the middle and lower decks. The
arrangements for ventilation and other sanitary
necessities appear to have had great care bestowed
upon them, with the view of preserving the health
of these on b.)ard. She will ba stowed with as
much of the munitions of war as she can couve-

THE CREDIT MOBILIER OF FRANCE.

(Front the Derbyshire Courier.)

each borough have but to take it up : the effect
would be immediately felt. It would put all on
their guard, and prevent many from committing
themselves to a wrong course who otherwise would
do it. We may be quite sure that Lord Palmer-
ston will disquiet no reasonable Reformers, if only
they take the precaution to hang on his tail in time
the weight of a watchful organisation.

A meeting of this gigantic associatiion- has re-
cently been held in Paris, The President, M.
Isaac Pereire, was the chairman on the occasion.
Every one interested in financial subjects knows
that all the prophets of evil to France designated
this project as the great Bubble of the Empire.
The year 1856 has been a trying one for bankers
and financiers at home and abroad. Now, said the
kind friends of Louis Napoleon who make use of
him as au ally in the hour of need, and abuse and
revile him when the danger is past—now this Bub-
ble will burst. "We understand," says your Lon-
don correspondent, who never yet understood that
two and two financially make four, "that the
Credit Mobilier is on its last legs."
Very well ; April 1857 arrives with its high rate
of discount, its drain of bullion, its commercial
pressure. The great Bubble, bad it possessed the
least consistency of character, would have burst long
ago. But now is the time for its yielding to " the
extraordinary pressure of circumstances," and the
" unprecedented depression of monetary affairs."
But sonee people never know when they are
beaten. Some enterprises are never ruined when
the Times and the believers in M. Ledru-Rollin
affirm that they ought to be.
The Credit Mobilier of France is one of those
pertinaciously and obstinately prosperous concerns.
It has as many commercial lives as a cat. One
would think that, like Mr. Mawworm, it "liked to
be abused." It is the only trading association
upon record which carries out the Scriptural
injunction—"from himthat would borrow of thee
turn not away." • If its principles are financially
heterodox, its practice is worse. One would really
think that, in, opposition to all sound rules of
banking, the Credit Mobilier was willing to lend to
people when they want it.
Hero is a part of their report. "In 1856," it
says, "owing to the immense impulse given to all
kinds of enterprises when peace set in, its (the
company's) task was rather to restrain than to
urge forward." Still it has done a little, in a quiet
way. "It subscribed for 10,000,0001. to the
Government Loan of 30,000,0001., it purchased.
1,600,030/. of Rentes, it gave accommodation to rail-
way securities on one occasion to the extent of
1,160,0001., the average being 600,0001. for every
fortnight ; in fact, the total of such sums furnished
in 1856 was not less than 28,120,000:"
The Credit Mobilier further offered to purchase
with tie co-operation of some foreign levies, all the
Rente held by the Bank of France, so as to enable
it to increase its metallic reserve ; mid also to pro-
vide 8,000,000/. for the wants of all the Railways
for their loans of 1857. These propositions were
contingent on the support of other mercantile asso-
ciations, and were not met.

niently be made to carry independent of the neces-
sary provisions and stores for herself. She will not
mount her three-decker armament, but only a dozen
32-pounders for special service. We. much doubt
whether the end of the present month will see her
nearer Spithead than she is now.
The Melville, 72, Commander Trollope, fitting
for an hospital ship for the China station at Ports-
mouth, is leaky. To discover the defect she was
docked, the dock pumpod out, and water enough
left in the hold of the Melville to test the permea-
tion. She remains in dock. When ready she is or-
dered to embark the head-quarters of the 23d Royal
Welsh Fusiliers. SirJ. Liddell, C. 8.,M.D.,F.R.5.,
Director-General of the Mediiai Department of the
Navy, on paying his spring visit to the Royal Naval
Hospital at Hsslar in the early part of last week,
inspected the Melville and the Marine Infirmary of
the dockyard. His inspection occupied two days,
and was a genuine one, and by no means pro forma.
The Agamemnon, screw, 9t, Master-Commander
Noddal, is expected to be put out of dock at Ports-
mouth this day and to be out of hand and ready to
leave for the Thames by this day week or earlier.
She will be manned by seamen riggers from Ports-
mouth and Devonport ordinaries, and a draught of
able seamen from the continuous ser✓ice force of
the fleet.

The financial situation of the company at present
is this, " Its transactions 'in cash during the year
amounted to 123,407,8071. Its account current
with the Bank to 48,667,4511. The company had
received payments on Railway Shares and Bonds,
producing 6,439,064, and had paid 4,986,304/. on
Share 3 and Bonds.

" The total profits of the year were 609,9991.—
which would give a dividend of 23 per cent, for the
year 1856."
• This is too bad.

A Russian gun; a trophy from Sebastopol, was
landed at the gun wharf; Portsea, on Friday, being
a present from the Government to the Mayor and
Corporation of Portsmouth. It is 10 feet in length,
of 3G-pounder calibre, and weighs 3 tons. Its mould•
is handsome, and it appears to have been cast in
1816. It is in good preqirvation, with the exception
of a piece of the muzzle being knocked away. A
suitable inscription will be placed on the piece, and
a council of the Mayor and Corporation will deter-
mine its site.

Wheu the Credit Mobilier was started we said
that if prudently managed it might do immense
good, and benefit the public, and its shareholders.
But the Times and all the financial oracles of
the nation convinced us that we were ignorant
financial fanatics.

We, therefore, declined to have anything to do
with the great Feench bubble.
On the failure of the ancient and honourable
establishment of Strahan and Paul—where our
grandfather kept his account—we invested our little
all in the Roy4l British Bank—the name sounded
Eiglish and patriotic.
' Now we do not complain that we have lost •ur
money, because what we have lost Mr. Humphrey
Brown has gained, and " the country," as Lord
Overstone assures u 7, "is just as rich as it was
before."

But we do say that the flourishing condition of
the Credit Mobilier of France is au unpleasant
affair. The great financial sages who advised us to
have nothing to do with Louis Napoleon's mono,
tary bubbles cannot be expected to reimburse us
what we hare lost, but we earnestly protest that
they should compensate us for what they prevented
us from gaining—or at the very least that they
should write the Credit Mobilier of France into the
Gazette.

The Beag!e, 4, screw gunboat, Lint, Hewett,
arrived at Portsmouth on Saturday from the Me-
diterranean, to be paid off.
The Devastation, 6, paddle-sloop, Commander
Marshall, arrived at Spi t head on Saturday from the
eastward ; and the Buffalo store vessel from the
same locality in the afternoon.
The Adventure, 6, iron steam troop-ship, Com-
mander Lacy, had ber compasses adjusted iu Ports-
mouth harbour on Saturday afternoon, and will
embark her allotment of the troops for China this

week.

Tito Wallace, paddlewheel steam-tug, brought
into the service for the Mediterranean, arrived at
Portsmouth on Saturday night, brought home by
some of the crew of the Malacca screw corvette.

The Spiteful, 6, steam-sloop, Commander Shortt,
arrived at Spithead during the night of Saturday
from the Mediterranean, conveying the Fancy gun
boat, and left yesterday afternoon for Woolwich, to
be paid off. By the Spiteful we learn that the Gla-
diator steam frigate is not far off Portsmouth, and
that the Malacca is coming home under sail, some
derangement having occurred in her machinery.
•The Amphitrite, 25, sailing corvette, Captain
Tatham • and Devastation, 6, steam sloop, Com-
mander Marshall, left Spithead yesterday evening
for Liverpool.
The steamers Beagle and Lynx, from the Medi-
terranean, arrived in Plymouth Sound on Friday.
The Beagle left in the evening for the eastward.
The paddlewheel steam frigateGladiatpr, 6, Capt.
C. F. Hillyar, with the paddlewheel steam tender
Thais in tow, arrived on Saturday.
Capt. Williams read his commission on beard the
;wardship Royal William/. 120, at Devonport on
Saturday.

The steamvessel Alligator, from Portsmouth, ar-

rived at Plymouth on Saturday.
Thepaddlewheel steam frigate Leopard, 18, hav-
ing been repaired at Keyhain Plymouth, was re-
moved to the sheer hulk in Fiamoaze on Saturday,
and will be masted to day (Monday).
An Admiralty order has arrived at Chatham for

the Winchester 50, late flagship on the China sta•
tioir, to be paid off into ordinary to-morrow. The
Winchester has been dismasted, and is almost en-
tirely , stripped. Her stores have been removed
into the dockyard.
The Cressy, 80 guns, Capt. R. L. Warren, was
ordered to be paid off to-morrow, but in conse-
quence of the impossibility of the pay-books being
completed at the Admiralty before Thursday next
she will he paid off on that day.
The Majestic, 80, guns, Capt. Jas. Hope, C.a,
is ordered to be paid oft on Friday next at Sheerness.
The new screw steam-ship Renown, 91 guns, was
taken into No. 3 dry dock on Saturday at Sheer-
ness. The fitment of the Renown is being made
with all possible despatch.
The floating-battery Terror, 16 guns, has been
taken into the fitting-basin at'Sheerness to befitted
with all possible despatch.
The gunboats Wrangler, Commander Joseph H.
Marry at, from the Mediterranean, and the Brune,
Lieutenant (in charge) Walker, of the Vesuvius, to
which ship the Brune will be borne out as a tender,
will this day be taken into the fitting basin at
Sheerness.
The Cumberland, 70 guns, Capt. J. B. Dickson,
has been put out of the basin at Sheerness, and is
stow moored in the harbour. Thursday next is the
day named for her departureifor Portsmouth, where
she will remain to receive the Grand Duke Con-
stantine of Russia on his visit to the Queen.
The Cyclops, 6-gun paddlewheel steam-frigate,
Lieut. -Commander Joseph Dayman, is under orders
also to proceed to Portsmouth the same day, if pos-
sible. The following officers have taken up their
commissions and joined the Cyclops :—Mr. Nicholas
Giles, paymaster; Mr. Scott, master. Mr. Martin,
the late master in charge of the Cyclops, has been
consequently superseded, and is now placed on the
half-pay list.
The Vesuvius, paddle-wheel steam-ship, Capt.
Charles Wise, is ordered to proceed to Portsmouth
to join the squadron to receive the Grand Duke
Constantine. She has been out of dry dock at
Sheerness id is now in the harbour.