The Sun.
London, England, 1857-05-04 00:00:00

pecimen. In this form of partnership, the shareholders,
.-s in the other, are only answerable for the amount of
diem. investment, but each of the directors is likewise
only answerable for the amount of his own particular ha-
ve tmant, and is not answerable for the undertakings of
tt.e Company. It is called a SociZte Anonyme because it
is not known by the name of any of the partners, but
only by the objects of the Association. Such an Asso-
ciation comes into existence from the moment that its
regulations are approved by the State ; but if it infringe•
any of the laws of the State, or the regulations appli-•
cable to such companies, whether'already passed or to•
be passed hareafter, the State can dissolve it by a simple
decree. We need scarcely point out the immense licence
that the managers of such a company might enjoy, if-
they enjoyed also the favonr of the Government for the
time being. It is under this form of the society
cmonyine that moat of the great joint-stock undertakings.
which have become so conspicuous in French commerce
have been established. The most remarkable speci-
mens for the nature of these objects and for success is
that which has become familiar to the English reader by
the name of Soci6L6 de Credit Mobilier.'
1‘ The purpose of this .Association was to, increase the.
prodnotivity of capital and the circulation of floating
capital. Its declared objects' were, to receive public
securities, shares or bonus of different enterprises, eape-
cially the public funds, the shares of railway companies,,
canal 'companies, and other public works ; to issue its
own securities for a sum equal to those which it should
receive ; to sell or to set afloat, as security for loans, all_
the securities, shares, and bonds received ; to open
credits against the securities received ; to receive de-.
posits
of all kinds; to receive payments on account of
the nonapanies connected with it. In point of fact, this
A.ssociation became an agency for other companies—a 4
agency possessing enormous powers, and able to push
other enterprises. We need not point ont ho.w such an
agency, by favouring one enterprise, Tight interfere with
another. The capital of this Company consisted of
60,000,000 francs (2,400,0001.), divided into shares of
201. each, but by its law it is enabled to receive, in the
forms which we have mentioned, a deposited capital
equal to ten times its own subscribed money. This it can
work upon a gross capital exceeding 50,000,0001. The
original Directors of this Company--we do not know
how far they may have ohanged—were, MM. Lase
Pereire, Charle4 Mallet, Adolphe d'Eichta.l, Ben, is
Fould, De Abarva, Ernest Andre, H. Biesta, G. des
Arts, Duo de Gathers, Frederic Grieninger, Comte dq
Monty, Emile Pereire, Baron Seilliere, Casimir Salva-
dor."

A very iiateres'ing paper on the '‘ Obligations of
Commerce to the Animal World" presents some
useful information on the sutject of manufactures
to those unacquainted with the facts. An amusing
story is called A Night's Wandering," and relates
how a passionate man was brought to his senses by
an accidental exile. A few remarks call attention
to the-20th May, which is the day fixel for a simul-
taneous appeal to the Commercial Travellers of the
United Kingdom for subscriptions in aid of the
Commercial Travelleri' Benevolent Institution, an
excellent establishment, Thic!l 44:serves to be largely
supported, as it provides for those among the body
who are disabled,by accident, ill health, or old age,
and also assists those who have met with misfor-
tunes, and the widows who have been left unpro-
vided for. There are several other topics treated
with varying success, and some entertaining papers
of a lighter nature.

The Train.—We are glad to see a decided im-
provement in the contents of tbis serial. It is a
comparatively recent adventurer in the field of lite-
rature, and hitherto has certainly not merited its
appellatiOn of "a first class magazine." how-
ever, it has begun to prove the truth of its motto,
" Vires acquirit eundo," and we hope will con-
tinue to do so. It has a pleasant variety
in its contents, which include an eastern story,
a conversation on the politics of the day? writ-
ten with much satirical truth, an amusing at-
tack upon Bright Pokers, a sketch of 3/Ir. Spur ,
geon, a memoir of Colonel Gardiner, and several
other papers of various merits, most of them repay-
ing perusal.

The Eclectic Review.--The centents of the Eclectic
are more than usually attractive. It opens with a
paper on Mr. Morley's clever work on born.elina
Agrippa, the much-maligned scholar of the 16th
century. "Recent Assyrian Discoveries" supply
the topic for the next article, in which those who
are unable, to study the compendious volumes pub-
lished on this subject will find an instructive sum-
mary. -Mr. Kingsley's recent work receives 4
favourable criticism, and a high encomium op. the
moral of the book. "Christianity and Hinduism"
is the title of an elaborate article on the religions of
India, which offers much curious information to
those interested. The criticisms at the end of thp
number contain some pleasant Pages of literary in-
telligence.

Knights English, cycloicer clia.—This most valu-
able and interesting work has reached the fifty-first
part, and contains a notice of some importance to
subsCribers. It will bp recollected that it was at
first announced that the division of biography
would lie comprised in four volumes. It was not
then'intended to include the names of living per-
sons. Owing to the alteration of this intention,
and the wonderful eompleteness of the work, it is
now found that without undue curtailment, it will
be impossible to conclude it within six volumes.
There can be but one opinion of this proceeding,
as the extent, the accuracy, and the completeness
of the work would render an abrupt conclusion a
matter of great regret. The editor, with jrst pride,
asserts that "the English Cyclopmdia of Biogra-
phy may justly take rank as the most complete bio-
graphical dictionary in the English language, and
no work of a similar nature cin approach it in
cheapness." When it is considered how indipen-
sable a work of this kind is to almost every reader
and writer, how extended is its list of names, and
how concise and Moderate its memoirs, it is diffi-
cult to overrate tile value of Oils biography when
complete, as a book of reference. There are com-
paratively few works of a comprehensive nature on
this most interesting science, and Mr. Charles
Knight has added another to the claims he already
has on the gratitude of all lovers o literature, by
so well supplying the deficiency.

Newton's London Journal.—This journal, so
useful to manufacturers and inventors, continues
in its usual style. It contains sonic remarks on the
working of the patent law, and on " Exist Indian
Patents," giving besides a list and description of
the patents granted to 23 itiverrors, together with
scientific notices and reports, the list of grants of
provisional protections under tbp new law, &c. The
illustrative diagrams are of greit service in render-
ing the descriptions clear and comprehensible.

Paved with Gold. the Brothers Mayhew.
_ Ch4pman. via Hall.

This " npfashionable novel," as it is called,
narrates the life and adventures of a, poor work-
house boy, and promises well. All who are ac-
quainted with the writings of Mr. Henry Mayhaw,
are, aware how much he is interested in the lowest
classes of LOndon poverty, and how great is his ex•
perience of their peculiarities and sufferings. A
story professing to set forth " the romance and re-
ality of thq London streets, " produced under his
guidance has consequently an air of authenticity,
and the reader feels thatinstructive truth is veiled
under the guiseof interesting fiction. The number
for the present mouth leaves the hero iu the com-
pany of a group of little crossing sweepers, and
street tumblers. The story possesses the advantage
of being illustrated by H. K. Browne.

Le Folkt-7-This elegant book of fashions con-
trives to inve§t the most unattractive modes with
some degree of taste and elegance. In the present
number appear numerous attractions to its fair
subscribers, as inadditiou to the three novel groups
and the plate of millinery, there is a double plate of
spring fashions in walking attire, and a sheet of pat-
terns for embroidery. The literary coutents are of
average merit.

LLOYD'S S.HIPPING.—(Th''4O3 )
LONDON, May 4.—Wind this day at noon, N.E. ;
moderate breeze and fine.
CoWES, May 3.—Wind E.—Arrived—Washington, from
New York, t lid proceeded for Bremen.
PLYMOUTH, May 3.---Wind E.—Sailed—lrene for
Miramichi ; Siuope, Quebec.
LONDONDERRY,I May 2.—Wind N.E.—Arrived7—F4l7,
from Novarro.
CLYDE, May 2.—Win S.E.—Arrived—Plram from
Newt/ -rork. Sailed—Brunette for Melbourne ; Edward,
Bombay; Jamaica, Jamaiea ; General Ssle, Quebec.
VALMOUTH, May 3.—Wind E.—Arrived—Norman (s.),
from Brazils. Sailed—Charles Chaloner, for Quebec.
SCILLY, May 1.---Wind E.— Sailed—Chtkpmans, for
Mente Video, after repairing.
WATERFORD, May 2.—Wind N. by W.—Sailed— Lavo-
rine Forestal, for St. John's, N.B.
qUEENSTOWN, May 2.—Wind S.—Arrived—Liffey,
from Barbado6s. Off port—St. John, from New Weans,
for Liverpool ; Achilles, from Caillao for Leith.
OFF MONTROSE, May 2.—Henry, St. John, N.B
SUNDERLAND, May 3.—Wind N.E.—Sailtd--AlbeP, for
Moulmeine ;
Nereed,
Quebec.
CARDIFF, Ma/ Houston nna
MSa aria,
vali-
for Cape of Good Hope ; Hector, Rico; ,
2. Wind S. S. W. —Saied—A
nab.
li.mwsiroN, May 2.—Wind rrivga—
leel# from Bqrbadoes.

(PER ELECTRIC TELEGRAPH.)
SOUTHAMPTON, Alond,iy

Wind k. ; fine. Arrived--Argo and George, from swauaet, ; iaturiono4
and Chan-dos Cardiff; Letitia and Mary, Newfoundland
La Povle. Otierbourg.
Sailed.—Union steamer, for Cronstacit.
LWERPooL, Monday Morning.

Wind S•IQ E.
Arriv.947-DO4 ESeW qtetmer from Rottexclam.

(BY SULI34IMLB AND 41'11V TELEGRAPH.)
GRAVESEND, Monday Moaning.
Wind ENB.; tide last bones flood ; flesh and cloiidy.
4.l.rlijreA—W9iiiiiiq, from Leer.
_