The Sun.
London, England, 1868-08-19 00:00:00

perhaps the 1-32 d, the latter if his friend will join him in
it. 1 hey are both good men and true, have been with us
in the lowa Road front the start, and of course well known
to Oakes' Ames, and Lombard. Mr. W. will return you
the contract to-morrow, with check for_s2s,ooo.—Yours
truly, W. T. GLIDDEN.
Now then for your question. Those shares and this
Credit Mobilier was the contract for building the Union
Pacific Railroad —that is to say, the Credit Mobilier and the
Union Pacific Railroad—are ono and the same thing, the
shareholders of the one covering the other. Hence it is no-
body's business how the land is disposed of, providing the
road is first-class and the interest is paid on the bonds.
ONE HUNDRED PER CENT. DIVIDENDS.
The stock of the Credit Mobilier has paid annual divi-
dends of 100 per cent., not like the Mobilier of France, or
llobilier of London, out of princip,d, but from actual pro-
fits, and is now worth 400 per cent. premium. The paid-
up capital is now two millions sterling. The company has
now £1,000,000 in the bank in New York. The road is
built entirely of Atm-Tit:An iron, and none of the bonds aro
held in Europe ; that is, no loan was asked for or made
abroad.

ROAD FINISHED, JULY 4, 1569.

. ,
Mr. Durant, the vice-president, and Mr. Dillon, the
president of the Credit Mobilior, were at Chicago on
the 20th ultimo (see letter from my private secretary),
their way to Salt Lake, to arrange with Brigham
Young to put on 10,000 Mormons, so as to finish the road
to San Francisco, July 4, 1860 ; and 1 hereby invite the
editors of the Anylo-American Times and the London Sun,
who copy my political letters to you in full, to take a
trip over the road when completed.
(Extract of a letter front my Private Secretary.)
Sherman House, Chicago, July 20, '6B.
Geo. Francis Train, Esq., Dublin—Dear Sir,—* * *
Durant and Dillon arrived yesterday on their way to Salt'
Lake. The road is bounding ahead at the rate of from
2 to 5 miles a day, and is now in complete running or-lor
to Benton (the north part of Platte), about 700 miles west
from Omaha. Durant says Proprietor of Everett House,
Albany, would like to rent your Omaha Hotel, the Cozzens
douse. I shall see him while east. Durant says he don't
iee as you want anything or would accept anything from
anybody in the way of bail or money, and thinks that you
intend fighting it out on that line if tt takes a life-time.
AN EDITORIAL EXCURSION TO THE ROCKY MOUNTAINS.

" * * * Mr. Frost left here last Friday for Omaha
with an editorial excursion party of about forty, composed
of leading editors from Boston, New York, Philadelphia,
Baltimore, Pittsburg, and a few from Chicago. Hobbs, of
Pensleyand Co., and also Shaw, who writes editorials for
them, had them in charge as far as this city. I saw con-
iiderable of them for twenty-four hours that they spent
here. Accompanied them in tug to the " Crib, ' with
Messrs. George W. Frost, Gov. Bross, Chicago Tribune;
W. H. Smith, of the Republican; and quite a number of
merchants and editors from this city. They all inquired
particularly for you ; Dana, of the New York Sun was
among them. Moses Beech (the old proprietor of the Sun)
lied in Cincinnati on Saturday. Poor Belding's fate (the
London banker) was sad, wasn't it ? Letter to T. Nassau
will be forwarded as usual.—Very truly yours,
"G. P. II."

Perhaps I have made too long a story of your question.
The injunction in New York is a black mail Wall-street
►flair, which has already fallen to the ground. The Credit
Fonder, of which I am the president, and in which th
shareholders of the Union Pacific Railroad and the Credit
obilier are interested, is in no way compromised by this
injunction. GEo. FRANCIS TRAIN.

The shoe business at Lynn, Eastern Massachu-
setts, for the past year is estimated at $17,000,000, and
the prospect is good for an excellent fall trade.

The Legislature of Connecticut has appropriated
$5,000 for the soldiers' monument to be placed in the
Evergraen Cemetery at New Raven, is honour of the 106
stranger soldiers buried there.

The city Government of Hartford has voted
$30,000 to pay for carrying on the water works at West
Hartford, and $5,000 for care and improvement on the
city park.

Ihe trial of Colonel amlan's new breech-loading
ride at the armoury grounds, at Springfield, proved satis-
factory to himself and the friends of the piec3. The trial
was made at distances varying from 300 to 1,050 yards, 1°
.he former case the moan deviation being 3 inches, and 11l
°he latter 20 inches. The gun is upon the sliding-Po"
principle, and resembles the Chassepot gun with which
.he French troops are armed. Colonel Borden already bas
orders for
,the gui from the Russian, English, and AO'
trian Governments.

If the New York World is to be believed, MO.
Elizabeth Cady Stanton has been emptying pails of water
out of her window over, the dauntless intoxicated who Pass
that way. Strong as is her pen, wide as is the field of the
Revolution, still the lady editor considers it necessary to
throw all her physical strength into the movement, and
with buckets of water to bring drunkards within the pale
(pail) of temperance.
A telegram from Rome says—General liataler
has for warded a letter, dated the 25th ult., to the Americas
General Carroll Lewis, communicating the positive in-
structions of the Pope to abandon recruiting in the United
States for the projected volunteer battalion for the PaPsi
service. General Lewis's mission is therefore terminated-
The letter expresses his Holiness's thanks for the Gene-
ral's zealous activity in the matter.

WAGEs.—On the complaints of mechanics of in-
sufficient pay the New York Evening Post says: Since
the :beginning of the war the expenses of mechaeia
nave greatly increased, while their pay has not ad-
vanced at all in prop .rtion. Clothes and provision°
nave almost doubled in price, and board an 1 Dds-
iug hava also become much more costly. An increase ei
pay has been demanled by several classes of workmen,
Ind this movement has gradually spread to the other°
until nearly all have struck for higher wages. Some hay°
failed in securing an advanc but the majority have beell
successful. The following is a statement of the amount
of increase given and the present pay:—
Trade Rate of increase. Present pal •
Carpenters
Cabinet makers 2O do. 10.00
Labourers
Wood carvers
Bricklayers lO do. 300
Pianoforte makers
Stair builders l5 do. 25.5'
Brass founders
Iron moulders
Stone rubbers
In addition to those, the following trades aro organizil3!
strikes or have actually begun them : coachmakers, derriel:
men, bakers, housesmiths, clothing cutters, upholsterer;
tailors, and coopers. Most of the mechanics dersailcivi
return to the pay of last year's busy season, though s i
have struck for an increase upon those rates.
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