The Sun.
London, England, 1868-07-13 00:00:00

LAW INTELLIGENCE.—This Day.

OIiDINABY 811Aith13 AND STOCKS.

COURT OF BANKRUPTCY.
(Before Mr. Registrar Pepys.)
IN RD SIR G. C. EARDLEY, BART.
This bankrupt has been before the court now
some time, and adjournments have taken place
from time to time. A short time ago he was in-
dicted at the Old Baily for bigamy and sentenced
to a term of imprisonment, the case creating a great
deal of interest at the time. The trade assignee
originally chosen having resigned the office, to-day
was appointed for a new choice, and Mr. Ham-
mond, auctioneer, of Baker-street, Portman-square,
was appointed.

i hare

Hallways.

Paid.

Closing I Business
Prise. I thaie.

st (Bristol anti Ixeter lee h 2
r 3 -
et Caledonian lOO 701 71471 j 70j
at Jambriau
- Cork and Bannon.-- - ! - -
20 IGornwall all 31 4
at Belfast J unc lOO 75 77
at I..Jun„Perth,& Ab. June lOO 70 72
- IC.Loudon, scrip Certi all - -
Do. luo I - -
St Glasgow AS. Western [CO 96 97
et Great Eastern, orn.stk. lOU 33 331 36j 7
St Do. E. Augt. et. No. 160 74 81
at treat North 01 scotlau, 100 15 10
at Great Northern lOO 101 102 1102
25 Do. A stock .. 100 9 80 06
at Do, B stock... ... 100 123 120
at Do. New, is. at 25 pm 10') -
GtS, and W. of Ireland 109 07 98
at tit. Western -Original; leo 191 401 431 9
at Do. Vel. (tail gua.; 100 - -
at Du. South Wales in° 44 56
at Do. IV.l.lid.- Wziore.' 100 28 13
at Do. Newport
st Do. Hereford... ! 100 - -
et Lancashire A lori:sinrel 10 1271 .181
et London and BlackwaW 100 - -
et Lon., Brigh., A S Coast' 100 52 53 514
at I•on., Chat., and Dover! 100 19 10,
et Do. Ak(rop. Ex. A lou Id )5
et Lon. & North Western 11)0 113 'l5 1 1:31
at 'Lon. A South Western 100 Ili 03 94 it
at Alan., Shet., Lincoln 100 41 12
et Metropolitan..,.. all 113; 114 1144
- Do. New lO - -
st Do. Extension.— all 101 111 110
st f Metropolitan District. all 73 S 2 bO4
20 ( Do. do. do. 10 - -
1,) Do. and St. John's Vi"d 6 - -
et Midland
et Do. £9 Share - -
Do, Derby 100 73 75
at Slid Kent . . 1( 0 - -
St North British
it Do. Ed., Pth., .12 Dun lllv - -
at Nth. Eastern -Berwick 100 102 103 1021
25 Do. G.N•E purchast 16.13.4 - -
at Do. Leeds
a Do. York lOO 02 93 WI
at Do. Carliale .....
at 1)o. Stock. & Darling all 131 133
- Do. do. 1860-61
et North London
- Do. do. 1841 5 . - - -
10 Do. do. 1866 . lO 114 1,4
it North Stagordshire
et N. &S. W. Junction all 107 101
- Scottish Central -
- Scot. N. E, A her. stock -
Do. Soot, Mid. stock -
Shropshire Union
at South Devon lOO 45 17
it South Eastern . lOO 734 731'
20 Staines, Wok., & Wok all 10/ 114 11
at l'aLT Vale IOU 113 146
10 Do. C - -
-. V ale of Neath - -
at Waterford eit Kilkenny,' 100 -
T
10 Waterloo 32 Whiteha 6 - -
.j e Corn w:.11
BRITISH rossEssioNs.
tuo Atlantic & t.Lawrence all 65 47
flom.,Ba.roda,
et 100 106 107 1031 44
gu. 6 per cent...
20 Do. F shares l6 ip
201 Buffalo ,Sz Lake Huron all 3 I
10 Do. Preference
Bult,Brant, Goderich
6 p.c. 1672-3-1 .. IVO 68 71
at 'Calcutta &S. E., lim.. 100 - -
at ~ape Town dL Dock, gu. 100 18 52
.00 Demerara, 7 p.c. per. p' all 99 102
st East Bengal, gu., sdo 100 tOB 116
at East Indian, gu. 5 p.o. 100 112 113 1024
20 Do. J Extension .. 15 - -
at lirandTrunkof Canada 100 151 164 164
100 Do. Equip. Mort, Bonds
1 charge 6 p.c all 78 62
100 Do. lit Pref. Bonds., all 43 45
100 Do. do deterred - -
100 Do. 2d Pref. • Bonds all 33 35
100 Du. do. deterred - -
(00 Do. 3d Pref. stock all 25 27
100 Do. do. deterred - -
(00 Do. 4th Pref. stock ~ all 18 14 10
100 Do, do. deterred all - -
et Gt. India Pen. gua. sp.c. 100 1104 1111 1004 8
10 10. Gus. 5 per cent lB la 2 p
20 Do. New gua. sp. c 8 16 21'
St i t. South of India
gua. 5 per cent
at D.). 44 per cent lO9 19 Lit
at Do . - -
204 Treat Wes. of Canada all 144
206 Do. New ...... all - --
00 Do. 6p. 0 13i..5. pay. 1873 all 98 100
01.1 Do. 54 do. pay. 1877-8 I all 91 91
st Madras, gua. 5 p.o 100 1061 11.74 106 51
at Do. 4/ do lOO 100 1)a
at Do. 41 do i 100 05 07
21 Do. t'ittli Extension• 5 - -
at Alelb. Cor 6p. c. Linits. 100 - -
60 Mel. & Hobson 's day_ all - -
at 1100 83 1,5
at iOude g. 5 Re, 100 1t43 1(51 1031
t ,cln de ... ,lOO ((2 3
at Do. Delhi
20 Do. do . ; 2 4p
at Do. Puniaub....) g.fi'.l 100 101 103
at. Do.lndus St.Flot 100 -

POLICE INTELLIGENCP,'.-.7711S DAY.

Mill LB 0 ROUGH -STE, E El .

ROBBERIES AT ALL SAINTS' CllURCH.—Richard
Davies, a young man, de_3ribed as a baker, was
charged, before Mr. Tyrwhitt, with stealing from
the prsan of Miss Fanny Harrison, of No. 11,
Brook-street, Hanover-square, a portmannaie, con-
taining some money and other articles, while in
All Saints' Church, Margaret-street.
The prosecutrix sail that about one o'clock yes-
terday she was coming out of All Saints' Church,
Margaret-street, after the service, when she found
the prisoner and two other young men pressing
against the front of her dress, in which was her
portmonnaie and church service, which induced her
to think that they intended to rob her. On get-
ting out of the church door she felt in her pocket
and found that her portmonnaie was gone, and
called out " Stop that man," and her brother, who
was in the churchyard, seized him, and he was
taken to the station, where he gave up the port-
monnaie to the constable.

kThe prisoner asked the prosecutrix whether she
felt him take the portmonnaie.
The prosecutrix said she did not.
The prisoner said that he did not take it, but
that it was given to him.

Police-constable Benjamin Nicholls, 89 E, said
that while on duty- outside All Saints' Church, yes-
terday, the prisoner was given into his custody for
picking the prosecutrix'spocket. He took the pri-
soner to the station, and as soon- as he was put in
the dock he handed over the prosecutrix's port-
monnaie, and auother(a brown Russian leather one)
was found in his hat. Information had been re-
ceived of other robberies in the church.

Inspector Hubbard, E division, asked for a re-
mand, stating that he believed the prisoner was a
well known thief.

The prisoner again stated that the portmonnaie
was given him.

Mr. Tyrwhitt said the evidence showed that the
prisoner was haunting the church, and robbing them
as they came out. He would be remanded, and he
(Mr. Tyrwhitt) thought it very likely he would get
six mouths' imprisonment.

mitted to the committee.

THE SUN, LONDON, MONDAY EVENING, JULY 12, 1868.

IHE ELECTRIC TELEGRAPHS BILL.

On Friday the select committee on this bill re-
sumed its sittings. The Chancellor of the Exche-
quer presided.
The learned counsel representing the various
opponents of the bill—both railway companies and
telegraph companies—announced that they with-
drew their opposition on condition that the pro-
moters would do their best to have the agreements,
the heads of which had been settled, introduced into
the bill. Some of the counsel asked that the agree-
ments should be scheduled.
Mr. V. Harcourt, Q.C., on behalf of Reuter's
Company, said that he could not withdraw his op-
position, because his client could not come to terms
ith the promoters. The Post Office authorities
offered au agreement on the basis of ten years' pur-
chase, and the terms to other parties similarly
situated. He did not refer to those companies
which required special agreements because of their
special circumstances, but he might say generally
that the Post-office had offered every one else an
agreement on a twenty years' basis. He should be
glad to learn what arrangement had been made
with the Atlantic and Anglo-American Company.
Mr. Rodwell, Q.C., on behalf of the promoters,
offered to place Mr. Scudamore in the witness box
in order that Mr. Harcourt might elicit whatever
information he desired. With regard to the other
interests, he would promise that if the clauses of the
bill did not cover any particular agreement the
promoters would not offer any opposition to that
agreement being introduced into the schedules.
Mr. Scudamore was then examined, and he gave
evidence to show that increased facilities for tele-
graphs on the continent had increased the business ;
the English Post-office had had a similar experience
with regard to branch offices, pillar boxes, and the
opening of savings banks. He contended that it
would not be possible for the Post-office to have the
electric telegraphs in working order before the Ist
of July, 1869. In the course of the past few days
he had obtained information which enabled him to
give a clearer idea of what might be expected would
be the increase of telegraphic business. The num-
ber of messages transmitted by the companies (and
he did not include press news on the railway lines,
which at present charged ls. rates) in 1866 was
6,000,000. The increase was now about 15 or 20
per cent. ; but taking it at 10 per cent, the number
of messages two and a half years hence would be
7,500,000. The Is. messages, at present num.
bering 55 per cent., would not be affected by the
change as to charge. The Is. 6d. messages were
30 per cent. of the whole, and he estimated the in-
crease would be 80 per cent. The 2s. messages,
which were now 10 per cent., would increase 100
per cent. ; and the Irish messages, which were now
5 per cent. of the whole, would increase 150 per
cent. None of these estimates related to the small
trades, and were based solely on the idea of a re-
duction in price. He considered that, there would
be a great increase of messages in consequence of
increased facilities. There would be a trans-
mission-office for every 1,400 inhabited houses,
and a deposit-office for every 399 inhabited
houses ; and the hours of business would also be
longer on the whole than now. The proposed
extensions would cost about £200,000. The effect
of using post-offices for telegraph-offices would in
some instances be marvellous—a message to Pad-
stow, for instance, which now cost 183., owing
mainly to porterage, would cost Is. He believed
that the increase of messages through increased fa-
cilities would be ten per cent., so that, after the
affair had got into working order, the number of
messages would be 11,650,000. He estimated the
total annual income would be £680,000, and the
net revenue £203,000, if there was no increase of
business; and, if there was an increase of business,
on the basis he had stated, the net revenue would
be £358,000. That sum would represent an enor-
mous capital. He estimated that the press receipts
would amount to £12,000 a year; and the profits
on
,the continental service, after discharging their
obligations to Reuter's Company, would be £45,000.
It would depend on the manner of raising the capi-
tal as to what amount their net revenue would re-
present ; whether the capital debt was to be conti-
nuous, or was to expire as to a certain period.
By Mr. V. Harcourt—They had had under con-
sideration the question of purchasing &Ir. Reuter's
cable and interests, and they had discussed the
heads of arrangement with the Submarine Tele-
graph Company. That agreement was all but ac-
cepted. He had not got the agreement with him,
but would undertake to prodece it the following

morning.
Mr. Harcourt—Then I shall defer my cross.
examination on that point until I see the agree.
ment.

Witness continued—The reason why they did
not offer more than ten years' purchase was because
they did not think the property worth more. Sub-
marine cables did not last more than 15 years, and
Mr. Reuter's was now two years old. Of sub-
marine cables there were two to Holt Ind, one to
Hanover, and three to France. They only proposed
to purchase two wires, which it was under considera-
tion Mould be leased to the Submarine Com-
pany. In that case the Submarine Company would
own all the lines excepting Mr. Reuter's. Their
difference with Mr. Reuter was simply a question
of terms. Mr. Reuter originally was offered a per-
petual annuity equal to the income guaranteed by
the Electric Telegraph Company; but afterwards
these terms were withdrawn, as being excessive.
One part of Mr. Reuter's contract or lease was only
for ten years ; another part certainly had thirty
years to run ; but then they took into consideration
the great risk attending submarine cables. They
had, therefore, thought it more advisable to offer
ten years' purchase. They were going to pay 20
years' purchase for lines in the country which had
only an eight years' lease. The land lines were subject
to some risks, and the snowstorm which took place
recently cost the Electric Telegraph Company £lO,OOO
for repairs. Mr. Reuter had an agreeement with
the Hanoverian Government for the exclusive
liberty of laying a telegraphic cable between Eng-
land and Hanover, and the route would be the
shortest for the proposed line to India. They were
anxious to come to terms with Mr. Reuter, but he
wanted too much.

Mr. Rodwell—We are quite willing to offer arbi
gyration,

Mr. Harcourt—My client is ready to accept the
same tennis as those offered to the other companies.
By Mr. Goschen—One part of the sea, between
England and France, where Mr. Reuter's cable
was laid, was very dangerous, and if the

cable broke it would be lost. It was true that
the estimate of the expenditure had decreased
with the progressive increase of the purchase

money. He had not added to his estimate an

allowance for the increased cost of working of any
of the telegraph companies since December. He
was of opinion that eventually a 6d. rate would

Mr. Goachen proceeded to examine Mr. Scuda-
more at considerable length as to the mode in which

he had proceeded in making the calculations sub-

A discussion then took place between Mr. qr °schen
and Mr. Rod well as to whether the probable actual

cost of purchase would be laid before the com-
mittee ; and it was understood that the promoters
of the bill did not intend to lay such statements
before the committee.
The committee then adjourned.