The Sun.
London, England, 1850-09-21 00:00:00

Cotton—With less favourable accounts from China, SOUTII-EASTERN AND CONTI-
the e?emand fallen off in activity, and holders being frea I NENTA L STEAM-PACKET COMPANY.
Len( rs, prices rule rather easier. . The tenth half-yearly general meetiog of the
It ported sates-200 bales J..ilon at S:cca rupees 11-3 ..
shari.holders in this company was held at the Bridge-
: house hotel yesterday ; J. Macgregor, E-q , in the
et rod.; 250 hales at 11-5; 100 Inds. Nagporc v.t 13. .
p Opium—The s•a•e et the China market has caused a
decline in private Ira' sactions,l3eliar baying been sold at chair.
990. The result of the 10th sale held on Monday last The CHAIRMAN opened the proceedings by reading
was the followina, : the report, which stated that the gross receipts du-
Chests. Highest. Lowest. Average. Proceeds. i ring the half-year ending en the 31.2 t of July
amounted to 16,113/. 15 2d., and that the working
Behar... 2:085 1t5.995. 1tt,.990 Rs 992-7-3 Rs 20,69,275
B,nares... 865 1 000 925 997-13 3 863,125 expenses and cost of repairs (wtthout insurance)
IMPORTS FROM EUROPE. amounted to 9,518/. 12s. 3,1., leaving
proved demand for orders from the north-western pro-
a balance in
British Cotton React Goods—Signs of somewhat im-
hand of 6,9251. 12s. 1,1. at the disposal of the share-
vinces, where the desired rains have commenced, have holders. The receipts, compared with the corres-
shed a ray of more cheerfulness over our market, with-
ponding period of last year, showed an increase of
out, however, leading to any general improvement, the 2,44/. 4a. 21., and there was an increase of passen-
less since the dealers still keep quiet, on thc reserve. gr-rs en the Boulogne route of 2,562, and on the
Gray Shirtings—Wili little inquiry for 40-inch 60 Calais route of 2 374 The service between Dover
reed; lhose from 61 to €6 reed /Jaw a off more freely at and Celeis had been maintained throughout the half,
' year under the arrangement vi i h the Nor,h of
last we, le's rates. White sheetings are still much
neglected. France Railway Company, and the South-
nelapollams continue in improved demand for grays East( rn Railway Company, the former con-
at last weq k's prices. Report( d saki 33,600 pieces gray.
tributing Si. per diem, anti the latter 10/
White goods without demand. n _ per diem ; and on this footing the directors
Jacor eta—The better sorts of white are in fair i
had agreed to continue the service for another year.
(juju at pre v'cus moderate prices, but the low er kinds of
these as well as all grays are very quiet. An arrangement had alto been made with the
VI; hire caaahrics continue neglected. Boulogne and Amiens Railway for a double service
Lappets—The demand for these has hardly been so haw eon Folkestone and Boulogne, that company con .
eat, naive as last wee k,.and prices are feeble. I tributing 250/. per month during the continuance of
80, k Mu fins—Very quiet, with prices rather easier. j the service ; and the directors locked to the South-
Mall-mulls—The better sorts in somewhat more in- Eastern Raivvay to contribute to this service also,
quiry at a shade improved prices, but the common class without which it cannot he maintained. The mer-
is nigl,ctee. chandize traffic between Folkestone and Boulogne con-
Turkey Red Twills and Cambrics—The improved de-
tinued steadily to increase, the freight received for the
maid for 25-inch goods of b th sorts is maintained, and
carriage of merchandise between Fulkstone and Bau-
twills are also of more ready sale.
Prints and Chintzes—meet with larger sales, but only logne during the last half-year having been 8091. 12s.
at the lower previous prices. 3,1. The amount received during the previous half-year
Mule Twist—The demand has been rather less aril- 1 was 5401. 14a. 6J. The directors recommended the
ma'el, but previous prices are fully maiutained. Re- i proprietors to declare a dividend for the half-year at
ported sales 2,615 bales and 760 bundles. the rate of 4 per cent. per annum, free of income-tax,
Coloured Yarns—Turkey red continues firmly held and to carry the balance which will remain, 4,5061.
with prospects of slight improvement; others aro un- 7s. 7d., to the credit of the reserve fund. The chair-
altered. 1 man went on to say that, after deducting the sum
Copper—With more inquiry holders have succeeded proposed to be added to the reserve fund, they would
to obtain 4 to 8 annas enhanced rates. bring down the cost of the vessels to 7481. less than
Iron—Maintains the rather firmer position assumed
last week, but prices remain stationary. they cost when first finished. That was not a very
Spelter—ls as dull as ever, though prices are held I pleasing picture to look upon after seven or eight
more steady. years' work ; but they must consider the company
Salt—The following-transactions arc reported:— as formed - merely to further the interests of
At C.'s Rs. per 100 Inds. the South Eastern Railway Company. They had con-
-47,000 mds. Liverpool, fine ... 65 0 oto 75 0 0 veyed since they were first established 247,564. pas-
-16,000; „ Madras... .., ... 35 0 oto 0 0 0 sengers with greater celerity and safety than under
9,500 „ Jurdah ... ... ... 39 0 oto 0 0 0 the old system. The average time of the
8,600 „ French ... ... ... 39 0 oto 0 0 0 voyage to Boulogne had been two hours
Beer—Reported sales-40 hhds. Tennents at Co.'s and five minutes, and between Dover and
re., 62-8 per hhd., 850 d( zens Allsopp's at 3 per dozen.
Calais one hour and fifty-five minutes. They
MONEY MARKET. had been carrying passengers at a very low rate, and
CURRENT VALUE OF GOVERNMENT SECURITIES, BARK
STOCK, &C. they must look to be maintained by the South-Eastern
Transfer Five per Ct... ...Rs. 11 0 0 to 11 2 0 pm. Railway Company. There was an article in the last
New Fives... ... ... 080 to 010 0 dis. number of the Economist on the postal communica -
Sicea do. ... ... ... 1100 to 20 0 do. tion between London and Paris, showing the great
Co's Rs. Four per Cent. ... 16 0 0 to 16 4 0 do. increase of traffic which steam communication had
Sicca Rupees d 0.... ... 16 12 0 to 17 8 0 do.
caused..
.. . increasedtraffic would
He believed that this
Bank of BengalSh.Co'sße. 1,700 0 0 to 1,750 0 0 pm.
Agra Bank do ... ... ... 40 to r.o discount, ultimately maintain the vessels of this company. The
N. W. Bank do. ... ... ... b 0 to 60 discount. article went on to speak of the great advantages which
Cawnpore do ... . ... 30 to 40 per cent. dis.
would be derived by the completion of the railway to
F ..REEGIDTS. Marseilles, and the additional facilities which would
To LONDON.
To LIVi RPOOL.
be thereby afforded for communication with the east.
.£ s. d. £9. d..£ s. d. .Z. s. d.
Sugar ... 310oto 3 12 6 350t0 3 7 6 He trusted that as this company, by its vessels, raised
Saltpetre ... 3 5 0 3 7 6 abridge between this country and France, that it
Rice ... ... 426 4 5 (;) 3176 4 0 0 would be indemnified for the outlay it had made. He
Jute .. ... 3150 3 17 6 350 3 7 6 moved that the report be adopted.
Hides .. 400— 4 5 0 400— 0 0 0
..Mr. WRIGHT said he should never be satisfied till
Raw Silk ... 440 0 0 0 000— 0 0 0
Indigo .. 440 4 5 0 000— 0 0 0 this company paid five per cent.; and he should like
To MituRITIVS, to know'from the chairman when that was likely to
Rice ... Co.'s Rs. 1 8 0 per bag, payable there. be brought about. The railway company, at their
To CHINA. meeting yesterday, did nut say a word about this
7 dolls, to 8 dolls. per chest. 2
dolls. 50c. to 2 dolls. 75c. per bale company. The directors were of opinion that the
packet service should be performed more with a view
..--------...-
to advantage the railway company than to pay the
owners of the packets. The prospectus of the com-
pany stated that the railway company would guarantee
five per cent. The fact was, this company was doing
everything for the railway company, but the railway
company were doing nothing for them.
The CHAIRMAN said he had felt the obligation of
duty to this company as strongly as any one could.
When the company was first formed it was with a
pledge that the railway company would maintain it
with a five per cent. dividend : there was a moral
guarantee to that effect. But it must be borne in
mind that though this company was now paying only
four per cent., when it was first formed it paid a
higher dividend, and he did not think that the
railway company ought to be
.called upon until
the average of the dividends paid by this company
was less than five per cent. At the same time, any
man of common understanding would Bee that, not
insuring their boats, they ran a great risk though they
were se well commanded. He quite agreed, however,
with the Honourable Proprietor*that.this company had
a moral title to 5 per cent.; and that had not been
neglected by the railway company, for in the Bill cf
1848 a clause was introduced to purchase the boats,
but in the then internal state of the railway company
it would have been totally -impossible for them to have
carried it through Parliament. Even now, if they
were to introduce nu< h a DM, they would he opposed
by all the steam-packet companies in the kingdom, and
particularly by the general Steam Navigation Com-
pany. The lion. Proprietor said the reil »ay com-
pany passed no vote of thanks to;this company. That
was true, but they did something more substantial—
they voted 3,6C0/. per annum towards maintaining
the packet service ;- 1,810/. was voted for running a
tidal boat to the port of Calais. It came to this, that if
these boats had not been used, a smaller number would
have come over, and been passengers by the rail. He
would observe that the steam-packet company consisted
of 600 and odd proprietors of the railway, and when
the proper time came it would be for them to attend
the meetings of the railway company, and advocate
their own interests. The capital of the railway com-
pany was nine millions and a half, the capital of this
company was 120,000/, and as the railway company
depended so much on the packet service, he was sure
they would eventually place this company on a proper
footing.
The motion for the adoption of the report was then
put and carried.
The Cuatemere then moved that a dividend, after
the rate of 4 per cent. per annum, free of income-tax,
be declared.
Mr. YOUNG said he thought they ought not to carry
over so large a surplus to the reserved fund, and be
moved, as an amendment, that the dividend be 5
per cent.
The amendment was seconded, and, after some
discussion, was put and negatived. The original
motion was then put and carried, as was also a motion
for carrying over the surplus to the reserved fund.
The meeting then separated.

Opium ...
Cotton ...

THE EXPEDITION TO PEKIN.
(From the China Mail, July 23.)
The Reynard returned to. the harbour on the lith
from her cruise to the Pei-ho. The result, in news-
paper phrase, " has not transpired," for there is little
to transpire. On her arrival at the mouth of the
Pei-ho it was found that, without lightening the ship,
it would be impossible to proceed up the river, which
even at high water is too shallow for a vessel of her
draught. She accordingly anchored, and shortly af-
terwards was visited by some of the local authorities,
and afterwards by others of higher rank, who were,
or pretended to be, apprehensive that her intentions
were hostile ; though as the nature of her visit had
been previously communicated to the Court of Pekin,
they probably did not really fear any great fear on
the point.
Arrangements were made for receiving the so-
called Queen's letter, the contents of which we have
already sufficiently indicated, and shortly afterwards
the ceremony took place within a handsome tent,
erected for the purpose on shore. The Mandarins
were exceedingly civil, but gave their guests to un-
derstand that any further negotiation must take place
ith the Imperial Commissioner at Canton, who had
the direction of foreign ;Hairs; and to him instruc-
tions had already been sent how to act. He will
probably tell us that, as be is the Minister special!)
appointed to manage foreign business, we can com-
municate with the Court in writing only through
him. This, as we have formerly remarked, is no more
than is implied in the English treaty, and expressly
stated in the subsequent ones with France and the
United States.
We never expected any good from this ill-advised
expedition to the Pei-ho; and if it be attended with
any result at ell, it will be to excite mistrust in the
Chinese, instead of encouraging them to extend our
commercial facilities, which was the real object of the
mission. We have, therefore, no immediate prospect
of exchanging Fuhchtft and Ningpo for a better "lo-
cation" on the Grand Canal, even though we are will-
ing to postpone, sine die, our imaginary right to ad-
mission within the Canton city.
After leaving the gulf ef Pei-ho, Captain Cracroft
bent his course up the Gulf of Leaou-tung as far as
the Great Wall, which he had the gratification of
minutely inspecting, and of proceeding a considerable
distance along its summit. We trust shortly to
be enabled to give some particulars of this interesting
trip.

ELECTION OF RECORDER.
Yesterday a Committee of the whole Court of
Aldermen was held for the purpose of taking into
consideration the appointment of some eminent mem-
her of the legal profession to the office of Recorder of
London, in the room of the late Hon. C. E. Law.
The meeting was strictly private, but report out of
doors said that application having been made to four
gentlemen of the bar, viz , Sir Fitzroy Kelly, Mr.
Crowder, Mr. Page Wood, and the Right Hon. J. A.
Stuart Wortley (brother of Lord Wharncliffe), that
the three first gentlemen having successively refused
the office, and Mr. Wortley's friends having consented
to take it for him if the conditions should be such as
were suitab!e to him, the Committee came to the
resolution to report in that gentleman's favour to the
Court of Aldermen. 'The report caused a good deal
of surprise amongst the most active and intelligent
members of the Corporation, to whom its contents
were soon whispered.
The following is a list of the duties of Recorder,
seem-ding to the late regulation :
"To advise the Court of Lord Mayor and Aldermen
for their Lct:er direction in administering law and jus-
tice; taking precedence of the aldermen who have not
served the (Alice of mayor.
" To attend and advise the Lord Mayor and Aldermen of
Hustings and in the Mayor's Court for equity, as well as
common law ; and, according to the reculiar custom of
London, to sit on the right hand of the Mayor, in re-
cording pleas, passing judgments, and pronouncing judg-
ments in cutlawry.
" Being by ch.ater a justice of the p:Ace for the city
of London, and by a subsequent charter one of the quo-
rum, to attend and assist the Lord Mayor at the sessions
for this City.
As by another charter he is also justice for the to-
rough of Seuthwaik, in that character to attend and sit
daily at the said court, in order to facilitate the admi-
nistration of justice. (The obligation to sit daily was
not included in the duties of the late, or of any former

RAILWAY RETURNS

TRAFFIC RETIT 'NS FOR T[IE PAST WEEK.

Miles NAME OF RAILWAY. I Receipts.
opened,
1850. 1819. 1850.
lIIIITISLI.
----_ ----
72 Aberdeen ... ..... .... • ...... . ..... £582 £1,460
37% Belfast and Ballymena ••.••.•• • • • • •• 423 586
17 Belfast and County D0wn•..... ••• • •• - 216
16 Birkenhead, Lancashire, and Cheshire 877 1,152
27 Bolton, Blackburn, and West York .... SSS 819
85% Bristol and Exeter ••.•• • • • •••• -.. . . 4,308 4,962
160 Ca1ed0nian.......... •• • ............ 7,039 . 7,607
94% Cheater and Holyhead.• •.•••• • • . •• •.2,074 3,98 l
32 Dublin and Bellast Junction ••..• • . • 241 4,6
53 Dublin and ••••••••• 1,044
7% Dublin and Kingstown•• .• •• •• •• •••• 788 1,058
16 Dundee and Arbroath .• •• -•••• • • • • - 433
31 Dundee, Perth, and Aberdeen Junction 594 656
19 Dundalk and Enniskillen.• .. •••• • • • • 135 125
67% East Anglian.... ••••••••• • • • :• - - •• 644 866
79 East Lancashire •• ••.••• • • • • ........ 3,528 4,715
322 Eastern Counties and Norfolk.. •• .... 14,343 14,228
95 Eastern Union •••••••••• • • •• - - - - 1,636 2,491
571% Edinburgh and Glasgow .• •.•.•• • • • . 4,0:5 4,363
71 Edinburgh, Perth, and Dundec•• •• - 2,419 2,738
18 Furness Railway .• •••••••• • • • • • • • - 411
160 Glasgow, Paisley, and Ayr •••• • • - - 3,126 3,079
221%1 Glasgow, Paisley, and Greenock •• .• 1,122 1,112
219 Great Northern and E. L....• • • -... 2,229 6,6`•0
188% Great Southern and Western (Ireland) 3,389 5,061
230 Great Western ••••••••• • - . . .. . . - 15,463 19,007
90 Lancaster and Carlisle...... •. - 4,079 5,054
25314 Lancashire and Yorkshire.. -.• •• .... 12,912 15,923
39 Leeds and Thirsk •• - -
121% Liverpool, Crosby, and Southport •• •• 122 224
470 London and North Western ..... .... 43,426 46,706
51% London and Blackwall.• ••••••• • • • •• 796 1,002
17114 Londe)), Brighton, and South Coast.. 11,999 13,590
239 London and South Western.... ..... 10,863 13,326
15 Londonderry awl Enniskillen ........128 14;
111% Manchester, Buxton, and Si atlock, &c. 181 255
167% Manchester, Sheffield, and Lincolnshire 4,961 6,554
914 Manchester and South Junction.. •• .• 376 504
28 Maryport and Carlisle •• •••••• •• •• • • 593 665
491% Midland ••.• • •••••••• • • .• •• ...... 23,958 24,739
50 Midland Great Western (Irish) ...... 1,098 1,098
60 Newcastle and Carlisle.. • • .... -•• .. 2,211 2,337
135 North British •••••• •• • • • • ••• ••• • • ... 3,205 3,779
222 North Stallordshira •• • • .... • ..... - 4,596 5,273
47 North-Western ••••.•••••• • • • • • • • • • _ 678
45 Scottish Central - 1,722 1,803
32 Scottish Midland ••••••••• • • • • • • •• 491 496
2914 Shrewsbury and Birmingham ..•• • • • . 158 752
47 Shrewsbury and Chester •••• •• • • ...„ 1,490 1,78,
30 Shropshire Union .. •••••••• • • • • • • • • 435 439
58 South Devon.• ••••...•••••• • • • • •• .. 1,764 2,175
234 South Eastern•••• •• •• •• •••••• - •• •• 12,576 16,596
75 South Wales •••••••••• • • • • • • - . . - - 1,260
69 South York., Doncaster, and Goole • • - 1,120
40 Taff Yale ••••••• • • • • •
36 Ulster. ••• • •
13 West Cornwall •
12 Whitehaven Junction .• ••••••• • • •• • • 214 220
29014 York and Newcastle, and Petwick ... 13,945 13,708
256 York and North Midland. ••
FOREIGN.
7613 Amiens and Boulogne. ••••••• • •- • • • • 1,496 2,174
44 1:1, ppe .••••••.. • • • • .• • •
63 Mentereatt t Jul Tro cr., •• ...... ••• • • • 972 1,175
336 Northern of France •••••••• •• • • •• - 18,363 23,, 29
143 Orleans to Bourges (Celit.) .......... 2,9(18 3,103
72 Orteans to Bordeaux .... ••.. • • ...... 3,993 3,503
82 Paris and Orlears - ...• ............ 8,020 6,549
85 Paris and Rouen .•.-• • - • • ........ 7,395 9,124
59% Rouen and Havre .....• ..• • • ....... 3944 3,910

Recorder).
" To et:end the Lord Mayor upon the presentation of
addresses from the Courts of Aldermen and Common
Council to the Sovereign, members of the Royal family,
and other distinguished personages, and on all important
ocea:ions.
" To attend the presentation of the Lord Mayor to
the Barons of the Exchequer on the 9th of November.
" To attend the presentation of the Sheriffs of London
and Sheriff of Middlesex, upon their election and ad-
mission into office, to the Court of Exchequer.
" To (Mend the courts of conservancy, charge the
grand juries, assist in the proceedings when the present-
ments of the grand juries are received, and when petty
juries are summoned to assist in the trial of issues.
"To prepare, when called upon, for the Secretary of
State for the Ilcme Department reports on the cases of
criminals tried before him where remission or mitiga-
tion of sentence is under consideration.
" To attend the Committees of Aldermen and Common
Council when required.
" To peruse and settle all bye-laws or bills of Common
Council, and other important legal or official documents,
and give advice without fee to the Corporation, or to any
of its Commit.e es or efficers, en matters relating to tl e
City's in'erest, %%holes er he may be required." (Former
Recorders w, re paid by fee s for the performance of a e
duties stated in the last paragraph.)
The gentlemen who were known to be candidates
for the efttce soon after the death of Mr. Law are
Mr. Sergeant Merewether, the Town-Clerk, who had
been for many years a distinguished member of the
bar; Mr. Russell Gurney, who has presided as Judge
upon circuit in most difficult cases, and given the
highest satisfaction to the bar; and Mr. Bullock, the
present able Common-Sergeant. Some days ago the
name of Mr. Montague Chambers was mentioned as
likely to he put upon the list of candidates, but we un-
derstand there was no allusion at all to him yesterday.

THE WALKER TESTIMONIAL.—We are glad to see
that some of the stirring influential spirits of the day have
devoted themseves to procuring a suitable testimonial to N'lr.
George Alfred \\Talker, whose services, in opposition, to the
unhealthy system of intramural burial, should never be for-
gotten. --lienpaile's Journal.

Invention is the combination of the possible, the
probable, or the known, in a mode that strikes with novelty,
—Eliza Cook's Journal.

The Cuut t of Aldermen will meet on Tuesday next,
to proceed to the election.

A new church has been built at Wickham Bishrp,
Essex, at a cost of 3,0001. be consecration, by the Bishop
of 199hestor, took plaok 441 NVSd4e4day,

Black lead, said to be as pure as if manUfactUre,
has been dinoyerod in New Brunswick, •