The Sun.
London, England, 1850-01-23 00:00:00

WEDNESDAY EVENING, JANUARY 23, k fl5O
THE SUN, LONDON,

THE HUNGARIAN WAR.
Just ready, in 2 vols., post Svo., 21s.
MEMOIRS OF
A HUNGARIAN LADY.
By TIIERESE PITLSZKY.
With an Historical Introduction.
By FRANCIS PULSZKY.
Henry Colbuni, Publisher, 13, Great Marlboough-street.
Orders received by all Booksellers.

1.11(111 WATER AT LONDON BRIDGE.
Tau DAT orning ,40 min. after I I Evening, 19 min. after 9
To-Nies/tow—Morning, 54 min. after 9 1 Evening, 34 rain. after 10

WEATHEIL—StrN U JAN. 23.
TUERMOMETER, Lowest, 31; Highest, 35; Noon, 37.
BAROMETER. 30.5.
WIND W.S.W.—dull hazy weather.

4231
Ar''
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evidence." That remark, we conceive, iseminently
entitled to consideration, as one doubly affecting the
whole aspect of the transaction, from the commence-
ment of the inquiry up to the rejection of the appeal
from the confirmation of the proceedings.
Already we hare intimated our confidence as to
the ulterior determination of our Most Gracious So-
VERBIGN in a matter affecting the subordination
of her army, the maintenance of homage for the
law, and the character of her reign, otherwise
beneficient and illustrious. Tenacious as she must
naturally be of the faithfulness of her soldiers, the
dignity of her administration, and the affectionate
allegiance of her people, her ears will not remain
deaf to arguments so logical—her eyes will
not continue blind to a wrong so conspi-
cuous—her heart will not prove impene-
trable to an appeal so earnest and persuasive.
We are sanguine, therefore, not only that the case
of the unfortunate victim of the late Court-martial
at Guernsey may be reconsidered, but that, through
the benignant interposition of her MAJESTY, the
whole system of military jurisprudence may be
subjected to a speedy and thorough re-organization.

We are, indeed, rejoiced to find that the agitation
for the most important of all the reforms so urgently
required to secure the welfare and prosperity of the
people is about to be renewed in a form that, we
trust, will speedily lead to a triumphant result. The
National Currency Reform Association has been
formed under the able presidency of the zealous and
energetic FRANCIS BENNOCH, and:the clear-headed
and intelligent JONATHAN DUNCAN, the enthusiastic
and devoted labourer in the great cause of monetary
reform, has accepted the office of secretary.
Under such auspices we cannot doubt but that the
fearful injuries which all classes, with one exception,
have sustained from the working of our monetary
code will be fully and clearly explained, and the
advantages to be derived from the adoption of " free
trade in money" distinctly developed. The time has
truly arrived when all parties should put - their
shoulders to the wheel, when the voice of public
opinion should be heard, temperately but
firmly, demanding from the Legislature the
redress of the wrongs under which the
nation has groaned for the last "thirty years.
A.lthcugh all classes are more or less interested in the
result, the working men—those who can earn their
daily bread by their daily labour—are peculiarly so.
The adoption cf a circulating medium ad,- quate to
the wants and exigencies of the nation would speedily
afford ample and remunerative employment for al'
I who were able and willing to labour ; it would prove
to be the very " lift-blood of industry." A suitable
measure and representative of value would bring to
light the real capital contained in the thews and
sinews of the labouring population, who would then
become the creators and producers of national wealth
in place of being hut too frequently the incumbrances
and burdens on the national resources.
The first general meeting of this association will
be held at seven o'clock this evening at the London
Coffee-house, Ludgate-hill, when the principles and
objects for which the society has been constituted
will be fully explained. We anticipate a numerous
attendance of those who feel the weight and pressure
of the existing taxation, and the impracticability of
giving fall scope to their exertions under the present
unjust and impolitic system of currency.

Orangemen : ore of them hit him on the head with a
stone. . . . One of the Orangemen said, " D—n
your soul for a Popish and knocked me down
w:th a stone. When I returned t the garden, three of
them had my uncle down, and were stabbing him.
. . . . When I could do so with slfoty, I went to
my uncle, and got his head on my kr.e.,. Ile lived
about ton minutes a'ter:that. The Orangemen d--d my
grandmother, who is an old bed-ridden woman this year
and a half, spat in her face, hit la2r on the head with 3
atone, cut her arms, and then smashed a chair on her
forehead."
This is a specimen of the sickening and revolting
horrors of that day, these were some of the immediate
results which weigh as mere trifles in the mind of this
impartial judge in comparison with the Government
indiscretion of dismissing two or three magistrates
from the commission of the peace. Even at the ri.k
of re-enacting scenes like these, the writer in the
Quarterly would still continue the idle mummery of
insulting processions. The glories of the Boyne are
to be celebrated, though civil war should be the con-
sequence ; but we believe these processions must
cease. The able statesman now ruling the destinies
of Ireland has, we are happy to say, recognised the
necessity of putting an end to them, and what he
sees necessary he knows how to perform. his cha-
racter has little to fear from the frequently refutod
misrepresentations reiterated through the pages of
the guar terly.

THE FRENCH REPUBLIC

We have received the Paris journals of yesterday.
The National Assembly on Monday was engaged
in a discussion on the Bill authorising the transporta-
tion of the insurgents of June, at present at Belle
Isle, to Algeria. An amendment, moved by N.
SAUTEYRA, that the prisoners should be tried or set
at liberty, was rejected by a majority, 385 to 205.
The great feature of the discussiOn was the speech of
M. JULES FAYRb in favour of the amendment. (M.
Junss FAYRE, it will be recollected, was one of the
most active members of the Committee of the Consti-
tuent which, in June, 1848, recommended the
transportation of these very men.) In the course of
bis speech M. JULES PAYEE declared that he ascended
the tribune because he had had the dangerous
honour of being one of the members of the Committee
appointed Vy the Constituent Assembly to prepare
the decree against the insurgents ef June.
lie could, therefore, speak with perfect know-
ledge of what were the intentions and inc-
fives on which the decree was presented.
The Constituent Assembly acted under the idea that
the men engaged in the insurrection cf June had
fought with a firm resolve to effect the ruin of so-
ciety. But he could affirm that that opinion was
marked by error.—(" Oh, oh !" Marks of surprise.)
The facts of that insurrection had been since investi-
gated by the courts of law and by the councils of
war, and he defied any one to point out a single
proof, or even indication, that the acts of the insur-
nts of June were the effect of a conspiracy directed
against society.—("Oh, oh !" and laughter.)
A Voice—This is very different language from
what you employed ferinerly.—(Hear, hear.)
N. Jules Favre could defy any man to point out
one word of his that was in contradiction to his pre-
' sent language. As long as the facts had not been in-
vestigated he had been silent, but now that they had
been carefully examined, he was able to give an
opinion, and to affirm that there was no premeditated
design on the part of the insurgents of June against
society.
This speech of M. ;JULES FAY RE has produced a
great sensation. It appears from the statement made
by the Minister of the Interior that there are at pre-
sent in the prisons of Belle Lie only 468 prisoners out
of the 14,500 originally arrested.
The Corsaire says :
We are assured that the Prince de Canino has for-
warded to the Legislative Assembly
.the following peti
tion :--` In my quality of French citizen I demand to be
allowed to enter France like my brothers, Pierre, An-
toine, Louis Lucien Bonaparte, like my uncle Jerome
and his son, and like my first cousin Louis Napoleon
Boneparte.'"
PARIS BOURSE, JAN. 22.—CLOSING PRIC ES.—
Rentes, Five per Cents., 94f. 25c.; Three per Cents ,
57f. 50c.; Bank of France, 2,350 f.
BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK-EXCHANGE, JAN. 22.;
Dutch Rhenish, 2—East Indian, 4% ex in.—Luxem-
bourg; ex in.—Ditto, 21A—Namur and Liege, 7;4
Sambre and. Meuse, Ws.

SPAIN.

jesty. The royal sanction was expected by the end
of this month. Meantime the new electoral lists are
preparing, and measures being taken to enable the
new Legislature to meet by the Ist of April.
1 On New Year's Day the Lord High Com-
missioner closed the session with a speech, in which,
after alluding to the firm support ho bad received
from both Houses of Parliament during the recent
troubles of Cephalonia, he briefly recapitulated the
labours of the session, the most important of which
consisted in the reform of the Constitution, adding
that, on this subject, the Assembly had given proofs
of the greatest moderation and desire of conciliation.
lie then concluded his speech by expressing a hope
that the political experiment about to be tried in the
lonian Isles would be crowned with success. The
President of the Assembly then made a short and
appropriate answer, after which the Parliament
separated.

OLYMPIC THEATRE.
At the opening of the present season the new and
elegant theatre in Wych-street found itself placed
between two fires—the Strand, with Farren and Mrs.
Glover on the one hand, and on the other Drury
Lane, re-opened for the legitimate drama, with the
attractions of a good company, a first rate panto-
mime, and reduced prices of admission. These po-
tent influences told, for a little time, somewhat
against the interests of the enterprising lessee of the
Olympic, but the admirable efficiency of his troop,
the incomparable elegance of the appointments, and
the extreme attention devoted to all details conducing
to the satisfaction of his patrons and the harmonious
working of his establishment, are already fairly and
cordially appreciated, and we confidently predict that
at the close of the campaign Mr. Watts will not only
have secured the permanent favour of the play-going
world, but will have reason to congratulate himself
upon a well-replenished treasury, the gratifying fruits
of merited success. Mrs. Mowatt's highly humorous ce-
medy, perfect in the cast and the performance, continues
to draw numerous and delighted audiences. Apart
from its sterling merits, it is worth going to see if for
nothing else than the novel and lavish style of beauty
of the mise en scene. Leaving to Drury and the
Princess's to settle between them which boasts the
most deservedly of producing " the best pantomime of
the season," we venture to tell them that Laugh and
Grow Fat treads close upon their heels. It is deli-
ciously grotesque. Torn Matthews's autumnal
splendour is not yet eclipsed by the meridian lustre
of the inimitable Flexmore. Miss Malcolm is an
agile and fascinating Columbine, inferior to none
witlain our knowledge, and Morris makes a right
capital Pantaloon. But not the least prominent fea-
ture ( f this portion of the entertainment is the excel-
lence (.f Cormack's Harlequin. One pantomimist
may be found excelling in activity, a second in grace-
fulness of posture, another in brilliancy of saltatory
execution, tatt there is a masterly and unique combl-
- of all the qualifications essential to pre-emi-
nence in this particular department of the art de-
veloped in the performance of Cormack, which stamps
him as the best Harlequin on the metropolitan boards.
A pas de deux by Marshall and Miss Louisa Cole-
man, a very elegant danseuse, Was warmly applauded.
The pantomime will, we understand, be withdrawn
after a few nights more in consequence of various
forthcoming novelties. A new classical drama, from
the pen of Oxenford, entitled Ariadne, is on the eve
of appearing, and that splendid tragedian, Gustavus
Brooke, will, ere long, prove the magnet f the town.
There is one highly commendable measure adopted by
this most liberal of managers to promote the comfort
and satisfaction of his visitors, and we wish that m
this and sundry other matters the managers of the
other houses would take a leaf out of his book, namely,
the strict prohibition of gratuities to the box-keepers,
who are, notwithstanding, remarkably civil and at-
tentive. It is high time that this tormenting tax
were universally abolished.

;hat
you w'

MR. MILNE'S SCOTTISH EN TERTAIN-
MEA T CROSBY HALL.
The lovers of Seqttish song have felt the loss o
Wilson He sang the melodies of his native land
with a taste and sweetness, an expression and feeling,
which showed that his soul was in it, and that he was
no stranger to the "poetry of music." His illustra-
tions, apt, judicious, and humourous, did more to
popularise the songs of Scotland to an English au-
dience than had ever been done before ; and proved
him no less the accomplished gentleman than the
successful singer. His lamented death has caused a
void in our metropolitan amusements which we have
longed to see filled up ; and it was, therefore, with
some anxiety that we oa Monday evening attended
Milne's entertainment at Crosby Hall. Mr.
Milne makes his appearance in London under the
auspices of Sir James Duke, the ready patron of
unobtrusive merit and the liberal encourager of as-
siduous perseverance ; but we think he needs no such
patronage; it will be his own fault if he secure not
a far more extended patronage than that of any indi-
vidual, however influential. Of the entire perform-
ance we can speak in terms of unqualified commenda-
tion. Mr. Milne appears to possess the qualifications
necessary to secure eminent success. His manner is
easy and graceful, his voice full and melodious, while
his singing is free from that noisy, boistering bawling,
which may be enthusiastic, but is very unmusical.
Two of his songs in particular were admirable.
" 0' a' the Airts the Wind can blaw," one of Burns'
favourites, was sung with great feeling and impres-
siveness ; and "My Wife has ta'en the gee" was given
with much point and precision, and loudly applauded.
The Misses Smith, who assisted in the performance,
were an immense acquisition. Some of the old
Jacobite songs, which were arranged as " trios,"
were sung most harmoniously, and were very effective.
" Caller Herring," always a favourite, fcom its easy
flowing measure and the sentiment of the song, was
also arranged as a " trio," and was rapturously re-
ceived. Miss Julia Smith's voice is a soprano of
great power and compass, and her singing is distin-
guished by a correct accentuation. She sang "My
Boy Tammy" most exquisitely. Her sister's is a
soft, flexible contralto, and told with admirable effect
in the several duets which they sang together. The
audience seemed altogether much pleased with the
entertainment, and received with evident satisfaction
the announcement that it would be continued every
Monday evening. We think Mr. Milne is wise in
taking this course, for he may rest assured that if he
supply the public with a good article, and according
to sample, the public will support him.

CENTRAL AMERICA.
Consistently with the enterprise hitherto evinced
by him as a geographer, Mr. Wyld, of Charing-
cross, has just issued a most admirable map f the
countries comprised in the narrow isthmus connecting
North and South America, and separating the
Pacific from the Atlantic. Hitherto this
particular quarter of the globe has been about the
least known, while the knowledge of its nature and
characteristics has, year by year, been growing a
subject of larger and larger interest. Before
five more years have elapsed, in all hum an
probability, no less than four different lines
of railway will be opened across the isthmus
of Panama, rendering that neck of land what Egypt
was at one period in the other hemisphere—the
highway of the commerce of mankind. H
ere, in
the beautiful and elaborate map before us, Mr.
Wyld has delineated these four different routes,
illustrative
marginal ac-
companyingthe general delineation with
marginal Sections of the levels, cuttings, and other
variations of the country and the enterprize. The
surface depicted in the map is comprised between
ne I. this
e
fourth and twentieth degrees of latitude. Li
situated between Chagres and Panama, extending
over fifty-one miler, and presenting
on 500 feet as the
summit level of the present road ; examination,
however, it proves that along this route only
thirty-six miles by land require to be traversed,
the rest of the distance being navigable by
the Rio Chagres. Line 11. is from St Juan
el Sur to San Juan de Nicaragua, extending
over 172 miles in length. Line 111. is from
Realego to St. Juan de Nicaragua, extending over
no less than 278 miles in length. While, remem-
bering that along these two latter routes the distance
to be traversed is most materially diminished (di-
minished indeed to nearly fifteen miles) through the
interposition of Lake Nicaragua and the River San
Juan de Nicaragua--the cutting being not deeper
than 600 feet in the highest quarters. Line IV., and
communication
perhaps the best
among all the routes, extend-
ingothe direct e
publicationc t
of this
over 199 miles in length is the one tra-
versing the road of. Tehuanepec. This last-mentioned
route, although aided by no rivers and having a
summit level of about 1,450 feet high, may be
regarded as having the preference, in consequence
establishingnavigation. For most
r
between the Gulf of Mexico and the Pacific Ocean,
by that means escape from, very difficult and even
of its
dangerous
n a v.
excellent map the public are highly indebted to our
eminent geographer.
,nal I

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.
The srt'es of Cotton at Liverpool yet relay were es-
timated at 30,000 ba.e-,, of which 21,500 were taken on
speculation. The sales comprised 24,000 American ;
500 Brazil, at 6id. to 7d.; 500 Egyptian, at qd. to Bd.;
3,500 Surat, at 4id. to 510.; and 50 Sea Island, at lid.
to is. 2d. per lb. Compared with Friday's rates, prices
of American were -141. to FL, and Brazil, Egyptian, and
Surat id. per lb. higher.—Railway Shares were firm.
The accelerated pace at which the involved affair cf
Mexican finance is explained and re-explained, may
render it somewhat difficult to the less-watchful bond-
holder to follow the correspondence, and arrive at a
just conclusion, but we think we can hold out a reason-
a'de hope of an early and satisfactory solution. Like all
other investigations, the result must, in one sense be
gainful, since the real state of the case will be ascer-
tained, and which, to us, appears promising, although
matters are not yet positively established on a satisfac-
tory basis. Whether the meeting at the London Tavern
now being held, will result in the formation of a new
committe expressly to attend to the Mexican debt, a
few hours will show, but it is certain that, from various
causes, a large number of the bondholders are dissatisfied
with the present administration, and that greater ac-
tivity, increased facilities for the obtainment of informa-
tion by the creditors, and other changer, will be requisite.
If the bondholders would at once determine upon the
appropriation of a few hundreds Fer annum, their work,
either with the new or old committee, could be much
better done; and long since, in railway comfanies for
example, has it been discovered, that urq aid, underpaid„
or irregularly paid officials, are, for various reasons,
the dearest. To keep our readers fully au courant of
affairs, we subjoin an important le ter from Mr. William
Parish Robertson, the late special envoy in Mexico of
the English bondholders, and his announced secession
from the old committee will not, perhaps, surprise those
who were aware of the position in which he has lately
stood towards his colleagues. We cannot but regard
Mr. Robertson's decision as judicious under circum-
stances. The Equador creditors will likewise find mat-
er r f interest in the communication, which is as fol-

ows.—
Equatorian Consulate-General, London, Jan. 22
,ear Sir,—Your circular note of to-day informs me
e committee will meet on Friday, the 25th, and
11 much oblige me by then laying this communi-
cation on the table.
" Among several reasons which have determined me to
resign my seat at the board of the committc c, I think it
necessary only to mention two.
" ls'. A note has been addressed today by the com-
mittee to Colonel Facie, the financial agent of the
Mexican Governmen', calling on him to deliver up
funds towards the payment of Mexican dividend=, aed
yet declining to recognise him in his official capacit; .
'Now, as Colonel Facto's appointment vas expressly
sanctioned by a written assreement entered into by the
Financial Minister of Mexico and myself, as Com-
missioner of the Mexican bondholders, I could but
stultify my own deed by becoming a Tarty to a note ad-
dressed to Colonel Facio, denying the competency of his
appointment.
" 26. Having received, in my capacity .of Consul-
General of the Equa for, new instructions from the pc a
sent Executive of that st ire to continue my services here,
and to endeavour to bring about an arrangemt nt of the
foreign debt of the Republic, I have, after Leasure eh li-
beration, and in fulfilment of my duty, determined to ea!!
shot tly a meeting of the Equatoral bondholders, with a
view of requesting them to appoint a committee of their
own, with which I can frankly co operate in carrying
out the wishes of the Government which I represen'.
You will accordingly please inform my late col-
eagues that I have to-day ceased to be a member of
their body.
" I remain, dear sir, your obedient humble servant,
" WM. PARISH ROBERTSON.
" A. Godfrey, Secretary of the General
Committee of Spanish American Bond-
holders."
The parties t' whom the fourth instalment of the
rat xican dividend is dee are not likely, we hope, to be
kept much longer cute f their money. Colonel Facie,
the financial agent here of the Republic, has come boldly
lore lard, and while proving what to us appears the dis-
crepancy in the accounts rendered at different periods
by Messrs. Schneider to the Mexican Government, he
promises unequive ally that if the late agents can show
any fir claim against his Government it shall be dis
charged, without being deducted from the sums re-
mitted for the creditors. Further explanation must
ensue, and we hope speedily to announce that this part
of the quo don is settled. As to the future prospects of the
bondholders, with steady remittances, with the assurance
of the support of Lord Palmerston, and with increased
energy on all sides—for we gice the Mexican Goan:-
went great credit for its exertions since the war—there
is no reason to doubt of their being most cheering. The
following is the letter of Colonel Facio :
" Sir,—l feel it my duty, the Mexican Minister at this
Court being on the Continent, to write a few lines in
answer to the letter of Messrs. Schneider and Co., rub-
fished in the newspapers cf the 19th inst., which I re-
quest you to give place in your columns.
"Messrs. Schneider and Co. say it is not true that
they are provided with funds to pay the loath of the
dividend due; but the following will prove that the state-
ments of the Finance Minister in Mexico, and of the
Minister at this Court, are quite correct.
" Messre. Schneider and Co. informal the Finance
Minister, on the Ist of September, that the amount of
the new bonds and certificates issued to that date was
only 7,906,2071.
The fourth 4. f the dividend due on this
£49,413 15 0
sum is

According to the ac-
count published, the
said Mr ssre. Schnei-
der and Co. had, in
April la:st 444,666 3 4
June remittance, per
1,631 7 10
Severn
July do , per Thames 4,124 4 6
Nov. do., pa Calypso 261 12 10
Nov. dc., 'or Trent 6;944 610

Balance in favour of the Government £8,214 0 4
The Fit ance Minister was not mistaken when he
said that Messrs. Schneider and Co. had sufficient money
t, pay the fourth of the dividend due on the converted
part of the debt, and ordered them to deliver t me the
balance in favour c f the Government.
" For the misconception and the serious error alluded
to in the let er of Messrs. Schneider and Co., the Finance
Minister is not accountable—
" 1. Because on the Ist September Messrs. Schneider
and Co. informed the Finance Minister that tlw amount
of the new bonds and certificates issued to that date
was only 7,906,2071., and three months afterwards (on
the Ist Decernber last) they said it had been 10,040,9721/.;
2. Because they have insisted upon finishing the
conversion, and upon paying the dividend on the whole
debt, when tte only act of agency allowed them to per-
form was to pay the fourth due on the said 7,906,207/.;
" 3. For the claims produced now, for the first time, of
2,132/. 15s. paid to O'Brien, Esq., and 1,2621. ss. Bd. for
int, re.t on the Legation drafts.
" But it will be seen that Messrs. Schneider and Co.
still have sufficient money to pay the one-fourth of the
dividend due:—
Amount required for the payment of the
remaining oho-fourth of the dividend £64,650 8 3
The balance unprovided for to complete
that sum is said to be
Chargeable against the last
sum, viz., the commis-
sion Messrs. Schneider
and Co. have charged on
the whole dividend
Bill paid to O'Brien, Esq. 2,132 15 0
Ditto interest on Legation
drets
Interest on 200,6773/41. of
Bonds not issued before
the Ist of Sept., which
Messrs. Schneider and
Cr. are not allowed to
issue, nor to pay the di-
vidend on them

,0,972 7 2

Balance against Messrs. Schneider
and Co.
" And supposing being admitted that their commis-
sion may be paid with the money belonging to the bond-
holders, the balance unprovided for to complete the pay-
ment a the one-fourth due will be thou only 1,901.,
instead of 10,367/. 13s. 7d.
" The two bills included in their account cannot be
paid with money belonging only to the bondholders,
because the interest Messrs. Schneider and Co. have
paid to the Government for the funds they had in their
possession has been destiaed also to dividends. Those
two bills, as well as any other lawful claim they may
produce, shall be paid as soon as they present their
accounts and deliver up to me the books and other
papers belonging to the agency, according to the orders
of my Government.
" I remain, sir, your obedient servant,
" F. FACIO, Mexican Financial Agent.
" 32, Great Winchester-street, Jan. 22, 1550."
We gave, a few days since, an extract from the re-
marks of a London share-agent, laudatory of the Cale-
donian Railway as an investment, without holding
ourselves at all responsible fur his opinions, and dissent-
ing from them, in fact, as regards the guarantees. It is
but fair to insert the following rejoinder sent from Glas-
gow, by a party of high standing:—
I see a sta.ement 'in the Money article of The Sun,
as coming from a party connected with the share market,
stating that Caledonian shares were good to purchase at
even double their present price,
.ice, in consequence of the
increased traffic. As this is calculated to:mislead, I
would point out to the editor of the Money articles the
following extract from the report of the committee of
investigation respecting the:e shares, as published ten
days ago:—
"' lu concluding these observations of this branch of
the inquiry (viz., the guarantees given to other lines as
sanctioned by Act of Parliament), your Committee ex-
press their deliberate conviction that the fate of the
original stcck depends materially upon a reduction be-
ing effected in the terms of the guarantees and other
preferable claims, for if they are sustained the entire
earnings of' the line will not he sufficient to defray them,
and all parties cone, rned will be involved in serious liti-
gation and loss.'—Report, p. 7.
" Is it to be expected that parties holding shares gua-
ranteed by Act of Parliament, most of whom purchased
after the Act was obtained, and with whom it was no
bargain that if there was nothing h fe to the Caledonian
shares, that they would provide a dividend for them,
of
is
it to be expected that they twill give up any prtion
such guarantees? Moot assuredly not. Beside?, how is
the enormous sum of floating;debt contracted beyond the
Act of Parliament to be paid? No one has answered or
can answer this."

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