The New York Herald Newspaper, August 4, 1858, Page 2

fateruai reforms in Russis, without psying the slightes} gtiention to the exiremely important mh higbiy wlerest- affsirs of eituer of the Fraukforts, whether on the orenthe Ojer. This is anew iaroad of ths Ras sian Cadinet upon the remains of German tadependence. Mr. Labouski (the Russias resideat at Frankfort) may be of having changed that free town iatoe western Teball protest. I shall write to the “Burgemeister’’ and one te Senate. Teball appeal to public opinion in ‘The London Herald of 21at o? July recommends the cul tivation of cotton ip India thus:— the matirr now stance we almost on- dependert for org = = {or apply in a quarter in which Without, however, ii ‘d totae ooking forwar. 5, misunderstandings with the government of | is most beautiful, ited Staes, which we hops may at toast be = Postponed, we cannot be blind to the truth by this exclusive reliance o2 & nocossary supply in a single quarter, we place ourselves uot oly ip commercial perii but a: Stanehe santranege. Nogotiations, when disputes arise, are commonly iuflu- epced b Prebended in the controversy. Nos only the actua! miliary wer, but the commercial dependence ot a negotimii Bite, ia inte ts directly de; ‘hich it is « consideration of the power of each State com- If America can say to Eagian?, “You must ac- cept our terms, for you are dependent on our cotton,’ there is obviously an immense difference in tne facilities { the two Powers in negotiation. ‘The steamship Panther eft Maita for Marasilies on Thursday, 224 ult, with the light portion of the Calcutta ‘and China matis, which are expected to be delivered in London on Tuesday next. The Pera, with the beavy portion, sailed for Southamp- ton. The steamship City of Baltimore, from Halifax on the ‘11th July, arrived out at Liverpool at clever P. @. on the 224 ult , and the Ariel, from New York, arrived at South- amptoo on the morning 0” the 234 of July The screw steamship Vig> took the place of the City of Baitimore, and sailed from Liverpool for New York oa the ‘Slat July Our London Correspondenee Lonpon, July 24, 1858 The Right of Search Question—The Policy of the Tory Government Towards the United States—A Peace Party Not the Policy for America—Central American Affatrs— How Palmerston Used to Manage—The Mexican Ques- tion— Sam Houston's Protectorate in Favor—dAn Invita- tion— Mr. Roebuck—The Jews’ Bill—The Visit of the Queen to Cherbowrg~ Prominent Americans in London— A Beautiful Baltimore Girl who Do'nt Know It, &c. The right of search question is entirely done for, and elibough matters are never settled till they conse to bear more than one interpretation, there is no doubt whatever but that the present tory adinipistration will not attempt in any sbape to offend the United States in the most sensi- tive spot—the freedom of the seas. It is clear also—and nobody knows this better than the governing classes of Engiand—that the conticental Powers, and especially France, were pleased with the fierce attitude presented | by America; and that it was the enlightened public opinion of Europe, not ot England, which aided the Ame. | rican declaration of sailors’ rights. There is note Power | ou the Continent of Europe which does not owe England a grudge, snd although some of them are not particularly friendly to cur instituticns, they all are glad to witness our progress 60 far as that promises to shear England of her arrcgant pretensions in regard to them and the rest of the world All Europe was with us, aad is with us now, a3 regards the right of search question, avd England ‘must, even in ber old days, commence dieting for a cha- Tractor We sball baye uo more of that right of search question io our time and generation, and this ie mot the oaly ques- fica Eng'acd will drop as regards the United States. If you Lelwve, however, that the nature of Jobm Bull is un- Cergoing @ radical change, you are very much mistaken. Ail the fine talk about the greatuess of the two nations, their beng bound together by ties of consanguinity, speaking tbe same language as Shakspere and Byron, &°., gees for nothiog. The higher classes of Eagiand don’t Like us, though they are pot yet afraid any harm will come from us and our example to their prerogatives: the middie commercial Classes, who, indirectly begin to have ‘a vas} influence ou the government, expect to drive good Dargains with us; and the laboring classes don’t know us, | except that Jobp and Patrick has gone to America and aro Going betier there than the rest of bis people at home. there ia a growing American feeling in Fogiand, it isof the game orcer as the growing sympathy and attachment for Frapco—it is good as far as it goea—but no. body kaows bow eoon it may stop, and what degree of wrath may be excited by unrequited aifection, it & @ forced sentiment, to eay the jeast of | @ sentiment inapired by reflection and trterest, and on | that account Liabie to chang® trom every aiveotitiourcr. | cumsiance. We shall be respected by Fogian: ss loog at we respect ourselves, and Fbow a madly —0% pe ow positios—to suffer Lo infringement cn our rigats on her part. Should America be ever cursed by the rule ofa Bory, vhece principle ould be “peace at avy cor,” aggressions and cutre, conmgred to tbe tombs of the Capulets, wou ac become the general topic. A democratic eimaistra y Kiministradion ia €o ents of harmony between the two One is KuOWws bot te suiTer Bay other 1s 00% £0 pestered at home toat it must the peace with foreign counwier. Basides a true Brit: govlewer of the old tory schooi, may pe ronize Awer ta the ehape of her merchants, paaker: a genuine Britisd wai, bavicg taken nis au dower emeng the Crowa, rune (ae risk Of bev t) take bis comnce inthe méler aud to assume @ doltigeront | @ tude We americans, wbo do not care about British prido as | jong as it Confuse iteel! bo Eogiaud, bave ao teasou to Giaiuke either the Eariot Derby or ait of Malmesoury, out we bare been furnished abindaot qanse for cisi«ing Palmereiou—ibe litle cuptden, a8 Princoes Lieven used | to call him—for he was etervaily cba-ricg with us, like a retail sbopaeoper fora penoy. Lord Palmerston’s Coa. tial Americas policy was a disgrace to Dis somigetratva —s snemetol piece of dupisty ant quidbicg from be ginwing to end. At Grethe tid oor Miowter, sr. Arnott Lasreoce, *bo reported it to Daniel Webster, thea decre tary of State, that be only wanted to “teaze” Nicaragua s Title, bot that be should certainly not retain prssession of aoy of Whe territory of that repuolic. Thea hs setups iderens iaterpretation of the Ciaytos Balwer tr ry crivee from tbat by Mr. Boonsgan’s logit babdiy the be: 4 hold va to his interpretation pit. 1 feel quite Would bave answered his a terms auitabie | ppy to evatetbal | toe Careotoas our Ceatral Americ Ergiand, to that reepect, bas eat footing dog in the merger any longer, and not tom of our American equillbriam, waica seems to hare | terrupled, aod bas | with interru aisturtec Lori Derby's predecessor :p office. About Mexico | wrote you briefly in my tast I: s por feetiy wooderfa! how Sam Houston's project of @ protecto- | has taken s io Lemdara street. Evem Bishoprgate w ¥ Broad are aifected by it. I verily believe if Sen Houston himeelf were to come to [onto orbit tae bayonet w m which he got ia figbtiog toe “Beitiebers ueral Jackson, be Cvuld raise ths money for the enterpriae. !t woutd, of Duster eoterpriae, only an effort of peace in Mexico aud secure the payme Mexioan Dousboldere, for itis the odject #0 ip view wbict gives coarac'er to the eaterori Blouston should reed tow Wv'er (aod! tras. ome friend Of big will eend him the daar merkes), ne aii, Ltrast, lose ac time tn Coming to |, ctonatonce [| gusrantee bis success for sixpeuce, 803 bus Deiog tbe Diggeet (ion for at least a year to come, fore stiiiog My as dress is 42 Pati hall. fe. bite come at ovce, and I'l) talk toe master ovor with bim it's close to the Laited Service C ub, of waicd Sam would at onse bs mace aa hovorary member Mr Roeback bes fired acother bros teide ints American finvery. It ingthe pride of toere radicals @ad cfaics, from ‘aifectancn, to sbow tbat they are Bot as Weare, aot that othing ip eommon with us. Little Roeback i, ing member of the cotton ciiqus, act, mein, sometimes by Kickiag jo they ar bevertLeless, a wor ens, ¢ pot # man of fortane—fire thousand a year would sofvenr) the saperities of bis character che Jews’ bill is through both Houses, and Baroa Rone 4, an the Times remarks, may Bow take bit coat with his bat on in the middie of the House It i# @ eonres of men tart (hit cow em e ehoali hare weular e\toum- y indie nor from China is very fa campaige is ode opiy be covquere Before Canka U» fe), though the Fog’ toe braves (Chivames) “ #ihost goos wile of China the French aod Fo tia @lready apticipatea glory of the victories to the Eng! Who ki reasove for > The Britieh press, as you will pe iy quiet ia regarc wo the + ‘The Freoch papers tarn toe Fonture on & variety of s 1 is well some time to rene Qn4 good will betworn tot means 0! ReRression aod 0° tached to one anotber. France aa other pretty mur aq Rome to Carth wever ane toe aso nn! |ub) ‘The city « wom fall of aw 8 few who went to borrow im >06, roads and canaie, I hope a few of them be successful. The high rates of interest pat ia the ‘United States is & constant sourse of at ra t> the 3 tad capitalists The Englieh casitalist is a anre et fellow He knows that bie cousios arrose the Waly are Jouag. viggrous a0¢ enterprisiog, 421 he judges Mist from th» Little gold tow sh) @ York to Eagiant thes trey by art of saving money mong to for the puro rses at tear, the F208 apr oyes, Beotuge Jyasuen Les ta aldiioael cam | there exist no lene thi of the eon ductar to Old story the ‘he rtren ' ¥ eng’ Dg your read PP: gon of the late failures, and the probabilities that existed eitber in favor of or against the ultimate saccess of the nt underiaking. NEW YORK HERALD, WED (Queenstown (July 18) dence of the London it ie }) correspons e Long before this is laid before your readers the tele- grapp will bave informed ie started to mak: girdle round them that the Chere ig no more fitting opportunity for this task than the present time, when ‘again about starting, and when the practical experience of the recent attempts has placed in light all the merits and dofects of the cable. this, however, it is necessary to refer for a minute to the account of the Agemempon’s cruise—an arcoust writ ten currentecalamo, and, as your readers will easily be- lieve, under circumstances of peculiar diflicalty aad dis comfort. the syaadroa is ¢ Conspicusus Before do Ie perusing that narrative 1 find I have omitted one or watc’ things and trying to iree the scappers trom toe onal wal choked them, and so let off the mass of water which was accumulating faster and faster, aod Dringiog the en!o fowa by the bead more aad more each minute. hole the men were working up to their koes which every pow and (ben washed up agalost the furaaces and scalded some seversiy w: room Mmera!ly tor fi master, their while dapgerour man ne moet it ail kiogéom. soon ough for them: could have believed that afvor done any shortcoming could ever be attriduted to tho crew? Your readers, then, may jadge of the iadigaation and disgust of all on board the Agamemnon when, va tacir ar. rival at Cork, they leat Vey an idea of the feariul natare of expression of praise cau do justice to the determiaed courage and coolness with wa'coailon board the Agum>m- pon fought tt hour by hour aoa day by aay. morning Of thai dreasfal Zist of Jice, wasn tac avemot to wear the ship bed failed, und she iay ia the trouch of the sea, threatening to go down exch moment, Osyiain Preesy, witn str. Moriarty, the master, remained lives to the Lisutenant in the bows ip charge of the foremast; Lieutenact Murray stocd at tbe gaogway amidships in charge of tne maipmast: and Lieutenant Robiaeoa | zen. Of the three lest named none knew the tatant that ‘the seas would Lots weep them from their posts, for all oa If | deck expected that each terrific roil tue masts would give way apd overwbelm alt. thovgh coils of rope, tons in weight, and the abip’s barge, were dashing madly from eide to side, aod from auch things pope but sailors could eres: Nate of tue masta was Kaown to ali, yet nots ated to go sloft and though they were whiried backwards and forwards torough the air till the men coud bardly noid on. Never- theless they remateed there tili the reefed foregai), waich | Fi ere in ir. Brown, These scenes long, long weary come so exbausted thst it seomed could lopger continue their effurts—for hours atter the Niwgara, though 2,000 tors larger, bad cease? to fight the sworm, and was rooning before it with ail the power of ‘win’ aud sieam Agamemoon none left their posts, nor ate, Bor resiet for no instant. Hopefal and coliec'ed, but without the least attempt to uaderrate (be peri, officers aud men faced every anger, as if quite aware Of its extent agi prepared ty Io fact, thase on board met tue storm would have meta enemy, aod determined to Ognt ther ship agaiost it till it weet dowa under them. And itis of | euch o crew a# this that the reports alluded to were ‘about io Cork, and theoce circat {riwoereiy truat the; this tors contradiciom may circulate yet more wid it s2ould be destined that tho Niagera is agala to rotarn first from this expediioa say tals of tue Agenemooa which may origins ¢ 0m board her may receive only tae attention they Jeserve Lobeerve thet Mesere Glasse & Blliot take some ox ception t) my remarke on the [est {ractare of tae whicn they think “cascuisted to mislead the oub: injure their repatation as masu‘acturers.”’ Both these | charges are abrard. Tbe public were not misiod by tho facts wocer whieh the cable broke ost impartial and concise term aulegation, | beheve Grmily tna: Messrs. Glaseo Yer T1 3 partial witness, soiemaly to decla Gibson, the first upon every minute iat the mass of machi. iu motion, dragging Out the sacks aad lumps of a which, tp spite of ali precaution, came thuacering down, | anc which so covered tae bearings wit coal seemed almost imeossible th working ristion of ao incident, aot for @ time only, out for boars—for nours after Bi had be two incidents which might have deeu worth recording, ‘and on one occasion have been led into @ neuticai error, which made the danger of the Agsmemnca appear macb Jers imminent than, in fact, itreaily was It was sated that, in the height of the great storm on the morniag of tho 2ist of June, when it became imperatively necessary that something should be done at once for the safety of the ship, after one or two unsuccessful attempts she was got round on thestarboard tsck ais is wrong. She | Bever went round on the starboard tack at all, bus when | the attempt was made to wear her fell cif iato the trough | of the sea and became totally uamanageabic. state she remained fora coasiderable time, and all that | tbe most consummate skill, coolness aad dariog coud effect to extricate her was tried ia vain. in their lives the cfficers found tneir exporience was valuo- less—that the vessel was as helpless as a og upoa the water, and that in the fullest and most pamnfu sigaitlsance of the term they Isy atthe mercy of oae of the wildest storms that ever raged in the Atiantic. Three days after that the weather wat calm, aod Captain Preedy, musteripg ali the otiloers and men at in plain and straigatfor ward terms b ments of the courage and c»0!n" ous time which they had with euch di To tus For toe dist time iacer a Mealy sarviv ives as to the coduct of ali, aad who i that bad bea dared and that the most injurious state- from the Niagara regardiug ym von, to ths oil st that cruel calumny that ever in by those on board iro, C48 CoD- storm, aad 90 Oa to heutepan', Mr and Mr. Libby, tae sscoad deck, holting on for poop rail’ with both haods, tzmaurice was at his post after the miz- The watch were on desk, annihilation. The je oat upon the yards, | had biowa out from the yard, was houset ip avd storm trysaiie wore set, wae round her head, other atemot Was Mae 19 Wear al she rest, avd left her an before. Thus charge, eodeavoriag to ascurs Ta the ttoae in water, the steam: waile in the @oth ail tue officers and men, hat 5K that it ngioes whould cont vatiaued altaoat witvont tn imporsibie they caring allthis time on board toe as toey 4 through the wd unreserved yaad that if adie, ad Tepiumaton as wire rope macutactureracoa!t not bate jared, for soy pereon who is at ail soqueimted wit tat Praach of macutacture Knows that, beyond all doubt, 2 Eliot are the firet makers in the world, ant that, sire rope of their mal ia calculated to beat, itis from a defect in the plan ot the rop' Dor and ekill with veh the design given ‘and not from Any fralt osarring in ta manafastars There is Inttle Coabt but that such has been the case with present atlantic canie, Prom the day tha. tte manuf steommenced at Greenwich, | have again an rere was being carried oat; th sagh on the same ogca son 1 have never heatiated to exoress my bole was for the work it was intended to aconmolien the rope was designed one wrong ttrengthened and coofirmed by place during the late exper ition, te submerge were made uuder peca larly fav oradie eomstances, and when every step in the progress of Phese opioiras have great voGertskng war querded with Gor. nitvag cere aad bhi by those in charge If what bas no been done can 08 taken and Nisgara. ‘oy indication of what may be expected from fare forts, theo, indeed, the ot cade being safely ou Dosrd bx2 tao Agememni Cdances sy ainet Lae preseat form submergea ate 89 many and 9 rong 08 to leave no room for Lops tha! this weet atiompt wil suit fo anything more than fresd discouragement And injory to Une system of submarine teisgrapas ge heratly, It Will, Rowever, bo & met Ogregious pieos Of folly {f any on, fadging from theee repeatet fail ures, ‘alls nw the errar of eopposing that an Atlanue Yelegraph cannot be laid Wan fair wowher ands Proper rope the echoms can be carried oat with Comoe Fative fase, And at lees then @ hunred.ho the exponte end difficulty which have atten ted the cmatrucityao: hat Wita the present cable, nowever, i is rat was crated Dy an ov did pot agaia the chances ag" second break tok fos cir dea ncsident is beyord metance commec ed va quite @ dillereot matter. tare {vk pi in the ressat exp dition tas on boart ths Niavara, Oa. ae tule sight 10 (ae Mectssinm of ths which Was immstiate.y res: fer, sad it onght Oot b> be omated at am rg 1 the BuscSAR Of the sap; fas ace, bevend a atthe oom w i 9 ty be s eyialiy Gok >We. Aoadt ths mot dissvaraging ith the whole andar vkiag, for ir the conjecture te correct that the rope oar.et in eon ance of ite rest Vhe ved of the Atlantic, tore amor To fact, the © =_s * 9 matter y kind of ty light ove—becrmes, if tut Slow le Correct, the very on t. | therefore prever sap) the eavie teelf, aad f The whole cable was originally made in two and afterwards apt. wd & Of ite weakowt part? be found in thy gatea re vb orm s ercha which ea rome & aHarp isi¢e of Fotk in rate! ®@ g yon wevery fa with oad'o '\'eraete able waicy t 4 for the work povition of the toe gether, so that io the 3,090 miles 1,600 jornte. Aro ail these jointngs oon? avi if not, 1: aot aa arope ts only tae strength gaia, how macy air bubbles oan ges (ne Crpper oo Was tate at the rea tozyous Canes bas third and positively a attempt about the earth,” aod make time confidence, and will soon reap the benef of the new | one was found in the very piece where the joint was to be wade, and out out. While the . ble is paying visiters to London is ori he canalon ie ne grosh that thecela oc epiral wires Minister to Paris. His | compress the tar out of it, as water would >» wrung from American friends here have given bim a hearty welcome, | a wetcloth. Outofhow many bubbles i. he air com- ich the Ola Virginia geotieman has received with the in this manner, and, asthe cable 4 cends into | race ava urbanity inseparable from bis charsoter. At @ | the tremendous pressure of the Atlantic de th , does not | tate y the American banker, | the water gradually force its way in through h ' aperture he ‘excellent speech, full of instruction to | thus left, till the copper conductor is rea ‘hd and its praise to the genius and | insulation totally destroyed? On the voyag: out tothe . Mr. Mason willim ® | rendezvous the indefatigable electricians n board He hed been fora few days in | tho Niagara detected, while testing through the cable, a ‘account of some indisposition in his break of continuity in the current, about 150 miles | family, and only ba consequence of the | below thesuriace, of @ main deck coll.’ The exact spot suutrymen. No oficial | was discovered, the cable uncolled and the piede out out, | ‘Mr. Mason looks very | whep an examination showed that the copper conductor | excellent epirits, had forced its way through the gutta percha and yarn | Duncan & Shermen, of | covering in exch a manner as to touch the outside y eo ee ‘and of course totally destroy ite electrical continuity. taken: » Cvnd or npareeal Sach a detect was at once remedied, but the question Fillmore.) is also. }, cireu- | naturally arises in how many piaces has the copper wire gh rane lady | almost forced its way through and yet remaivs 80 close jore is by far the ‘woman ttn) nhenlherges By Ng age gh yee me sies | now dweiypg in the British realms, and what | cond! is perfect while the cable is in m state of rest, , she don know it. She is the See Saaremaa eames | dream of a post—the beau.ideal of & painter, the uno- | out comes upon it? When such numerous reatons | gualied, boewenly mould of the inspired soulptor. Ger | as these exist to show @ break might oocar at eyes reflect heaven aad earth both, aad are more brillisat | the bottom of the sea, it is ead work to adopt such | than elther. ont sats Se re ‘she does not know it, ames as that natural obstasles exist which completes enchentment. Poetry of form fo bed the Atlantic about whicn no ono rarely met with in Eagland. There is more than knows apy’ , and therefore against which no one caa to tantalizo—very littie to inspire—not even among the | possibly je. The third and iast broak occurred, as mobinty. ‘* Nom bene conveniunt, mec in una sede moran- | your are aware, on board the Agamemaon, aod tur amor.” bo investigation bas thrown sap Eepeneeninn coment accident. It was indeed at the time that the re- ‘The Atlantic Fleet, duetion in the speed of the ship had caused ber to fall off THE NAVAL ENTENTE CORDIALE THREATENED. from her course, and eo brought a strain at an angle up22 knote per hour, and watch on deck could bead never altered by the fracuon of a proper course. the solution of the difficulty, wherefore, iw simply that it was a weak portion of the cavie, and that it broke under a strain of legs than one wn, Messrs. Glasse & Ellwt’s objection to this mode of accouat ing for the mishap irresistibly recalls to mind the de fence of the Irishman, who, on bis trial, argued that if tae prosecutor could produce three witnesses wi whim tea! bis horse, he ip turn could call a huadred saw him touch the animal atall., So with Gissse and E- Mott, who in effect say to the public, ‘You may produce s piece of the cable which bas broken at loss thane ton, but we can show you another part which ill saad more than three tons.’’ Sut as | havesaid before, emineat firm need be under no manner of fear about their reputa- ton as to the cadle having given way under such siigat tension, since all who know anything of the maser are quite aware that it is not their fauit, fhe fault iiss in the cable itself. Those with the undertaking ou board both vessels cannot entirely conceal tnat the rope is not a3 for the work, and that flac wire cables, suct as thia, will aot keep, but must be sudmerged as s00n as possible after they are manufactured. The preseot cable has been made a year and « balf, and during tbat time, wnat with coil img and uncoiling, aud water getimge at it in many places, in epite of the tar aud oil, aod sv rasting tue wire from the insice, the efficiency of the whole hes been most sadly deteriorated as a deop sea cable. For soy ter less than 1,000 or 1,200 fatnome it is still as hile it was Delog uo coiled at Keyham, it suffered so mush from damp and casual wet that op tg next examination very many miles had to be cut away in parts where i was almost rusted through. It is quite true that some of these pieces were tested and resisted a straia of more than three tona, bat ‘on the ovher hand there were places so tar goae as to be utterly worthless for any atrain The poms of fracwure where the cable broke from the Agamemnon sho@ed un. mistakeable figns of rust msice the outer wires, though by no means to puch an extent as would apparently ac count for the breakage. 1 have already said that, even if the preseat expedition Tesuits in @ last aud totwi failure, it should by no means De regarded es a discouregement to we enterprise, though it shoula most decidesiy teach fuure cmpaaies the neccesity of baviog pothing farther to oo with a wire covered cable for the Atlantic. [a all other seas, where streng h te necestary aod po such tremesdous aepths of water exist, wire ropes muy bot only be goat, but even requisite; but fur the Atlaoiic no hivg out the compara- tive infancy of the science of cavle laying #ili over ex cugo the attempt having been made wish such a descrip- tion of rope. The pree’se cost of the Atlautic Telegraph Company's ropa may vot be known, bei | think Lam pos at @rong ia thatthe com aay paid £42 por mio tur the wire ia staie as tt cawe from the Guita Percha Uameacy's aad afterwards paid £50 per mile for having it ‘sewea round with greased hemp Yara, aad (hex enclosed in the strands of trou wire. It ts thia second most uureceseary outl for the miro | which has made the chances aucvess of ihe | whole uncertaking so mavy and 80 serious. Waile it was | only a wire covered with gutts percha and greaset yara it couic easily bave been payed out to any Gepta, hut tie brief traditions of sub marine telegrephy ere ail ia favor of tremendous iron wire Coverings, Dot#iinslacding tae wea trom the lamentable lors of property whico has re ewployment of such ropes ta the Meaitersaaean Taere- fore, #ih the Atisatic cable, t was “If the rope ia not Covered with wire now will it be able to reeist ta strain of paying out!’ —quite forget/ul of te fac: that « a rope, from iw specific hghtness, would require no ste, or oply (ns so shght #2 tha: &® man’s oand would aofiioe almeat to check it Su the rope was covered with wire, fo weight was increased—in fact, made grestor toan iss stren vi thence arose the payitg-out buoys, slip ropes, Dauling w apparatus, anc all the wortn less apd expensive lumber whicn haa’ Deen folwied ini wat, under a oiffirent arravgement, should vv cus of toe simpeet mechsnical operauons. Unce sha rope #as covered with wire, a artfioal’y was created for the en ineers tooversome. Axtrain on the cavlem paying out awe adsclitely neorseary tw prevent its susing ina mass; eno for the remeons | cave shown, ths One wire cable has Low become unegoal in many plates to bear ihe requisite tensicn of the mechiwery. Ia tact, all thet the wie covering now effects 1s to mtuce the eagineers to oc lieve 1 will bear a stram hel of which in many parts will | break it. Wire coverea ropes for suci very deap seas as tbe Atlante are derruch undertak'ng impossible specimen of subwarive Wire was made which serme ty have met witb the approval of all covversan! win what a cable t@ er oughs to be for the deep aea work. It waa a situ ire Of Copper Covered with gutta percha, taen ¢ ated over h greased yarn, and aeein enclo 9 in tarred gutta per Whole only amountug t> some five weight per mile the cost of such a wire, eepeoa en the Gatia percha Cyucany’s tao nopoly has ceased, oaght ust to be more than £40 per mile, or lees than one-third ofthe castof thy a | cable Apart from the aavanty hh this wou | ch the #eare of economy, emnon ‘onult carry than ehe now | fy # takes the hal’ of the present coil Tun Out at almost any peed, for not only no str: be necersary, but it would not even be it out BY machinery, coula be worked by means of wa ro arranged as W pay sixth taster than the spor An Apparatus an unnecessary waste of easily prevented, #bile the very ly would be moni Comparible with the ea > ‘There are no ue* artargemen's to record regard ng the erent expedition, save thet there is every reason to bo- eve the whole qatter ill be decited one way or the other early in August next. In Case Of any accident cc curr ng t) the cable, the tirat serious low be the last, as there ia now scarcely more than #u toaccomplieh the distance detween Valenta ani New founcisad, allowing, Of course, the usual margin tor slack ‘and waste. Of the 1.200 mises of wire on board the Aga memnen, 1,160 ace stowed im the hol {, and on'y 100 mies are tow ooled on the aoper deck in place of the 240 miiee jost. This change je the arrangement of the cable bas ma te the process of submerging lees Gangerous, white the relief of the woper deck from a weigh of one hendret ana forty tons bas, of course, had a bonvideradle and most beneficiel inflsenes on the trim uf the vensel itsel¢, There seems scarcely any possibility of a recurrence of we tempeawous Wea'her which Wass) near proving the jest expeoiticn; though, even if it should oc. bayond all comparison batter She i, however, undermanned tor ler size aod What rhe has to vo, The Steamehip Great Eastern. FINANCIAL APPATR® OF THE COMPANY—ARE THE GREAT PAOIKCTORS OF BOROPR [IGNORANT OR CN- BCRUPOLONS ? {From the London Thins (Slty Article) Ju'y 22} The ebarebolders of the Eastern Svea Company nave again discursed whether toore ere woy moaus to raise sufll ent capital to h the Great Eanera, or whether ple ts ite perm: iy, ike the Dreatoaeght, in the Thames, ana Utimetely, perbaps, be tare to siolier ne a bues floating hospital, or Os moored at Graresead ® msrine barrack Of an emigrants’ hotel =— £220,000 must Le obtained before the can start as a passenger vessel, and of this amyunt £95,060 consists of actual debit, for whica tho tbip is Hable, and which, under any circumstances, mutt be pad iwmeciawly The recent offer on the part of tne compacy to grant sapuities of £5 for elght years for a ‘ef £%, although exosllent in priaciple, nas responded to eisher by the shareholiers or ¢, and resolations were accordingly adopted formation of a commistes to devise vl inclating Sie Joseph Pax: ton, who has only lately joined the concern tameee what can’ best be done for the proprietors, have usec fert to extricate it from ite diffical; position there who have been connected with it from doubileas wholly miled as to the poxsible expensiture. It reems hard, thore’ore, that when 89 grand an experi ment @ ready for fultilment ft shonlt be stopped indet nitely by the want of asam lit exp nied may prove to lave been thrown away. Peole will nek where ia the patriotiam of our merchants, and aleo whether, at the iaat, it would no! be rigut even ‘or government to interiere, to prevent by au aivance of ‘unde an enterprise involving national (ame the eleventh hour hopelessiy abandoned? Bat, however naturel such suggestions may seem, there js any ner and & harder way of viewing the matter, which must tent to modterate any impulses of popular gonorosity If the example is to be established that persons may start enormous undertakings, draw todividuals in as dire tore and ehareholoers upon deiusive representaiiras, aod rely apon national help when it is discovered dhs. they hare used all the means they could otherwise obtain, there would be no end to the magnificent works wil whicod prijéctora would recklonsly seek > gain novo the cost of the community, We have mes Tonve! and ou counted to the profi te ram of thee the on! ciple «which should ever be ized ta ) casee—nemely, that ef securing an adequate pecuniary retern, [t may be foe b> say the the Thame Tannel, Great Fastern, and other jogows constructions excite the wonter of for wore, @ot should gratify our pride. But there only useless, Dut Literally almost ren. | A short ime eince a | that now sougl:, and | thet frem thie cause the whole of what has already been | m boing at | is nothing in such the outlay, since uae Is i, doom ato nar ae emo, desirous of on such terms, we can 50- Fa Podge nrng- Bes please. we ey ee hte carrfageway under the sea from Holyhead to Dublin. Let rting tha’ it is a work to fund for the ty of Messrs. Bo and 80, the de- may attach to tho execution of delays aad failures count for nothing them all, will then at be little honor for men gay: “We executed that ala sued at a urd of tas ata amount” It is time this should be seen in fts true light, since it is not only a atain on the morality of the country, but is Jreteaing ihe which threat nto render joint stock operations impossible, and to destroy thas faith by i No one now will trust any is which would give six million all s turn away, because they know tha; the one mull ion should be swo or three. of good repute guarantee a fixed interest it is of little avail, Decause it ie impossible to trast that the cavital so gua- ranteed will saffice for that which it is warranted to per- form ‘The Bahia railway, introduced oy Mess 5. Rahs child with seven per cent from the Brazilian government, whose five per cent stock is quoted 103, stands atu dis-” count for no reason that can be conceived other than some doubt about the estimates. The apprehension in this caee can hardly be frome aince those who have it in hand are not likely to allow either themselves or their Conetituents to be made the dupes of jobbers or contrac- tore of any kind. Bat, if the anarchy of distrust has ex- tended thus far, what hope can there be for ths ordimry Fan of enterprises ? Ihe public have the yomais their own command. If it were not for the lax''y with which they suffer them- regard the achievements of those who have ac- quired celebrity through the improvement of others by praotices which, perhaps, more capable but less mn ing men would have deciined to use, the evil would soon ‘be mitigated. Let them remember that if a projector or ecntractor pleads that he bas uadereatimated the task he bound himreif to fulfil, it ie tantamount to an avowal that he must have either ignorant or unscraoulous. The great test of capacity in all cases, whether in the triumphs of war or acience, lies in the powar to foresee and pro vice at the commeocement agains’ a!! possible coutiogen- cies Ifa man destitute of tais power is found to have put himself forward to der the meags entrusted to him, let him take his for the future a3 unfit for such responsibility. Supposing, on the contrary, he ad- mits he had au impression his calculations might brosk down, be must then stand oonvic‘ed of wilful concealment for personal ends. If the scientific gentlemen who distinguish themselves in the worid at the cost of share- holders were certain, whatever wealth they might ac- quire, of betog placed by a healthy public sentiment ia ‘one oi these two categories, we snould hear less of inflated morister undertakings half @ century in advance of the ra- tional of the period, but should have the more sod gatistaction of tasting the steady profits of a constant pregress, which would develope everything de- manded by the beat energies of the time. ‘The Galway Steamship Lt: BANQUET TO TAB LORD LIKUTRNANT OF [XBL AND— D¥ATH OF BURGASS, THS PILOT OF THR INDIAN EMPIRE. Agran’ banquet bad been given in Galway to tne Lord Lieutenaot ef Ireiand, in celebration of »the establishment of @ transatlantic line of steamers from the port of Gal- way. Nearly 360 novlemen and gentlemen satdown. After the usna: tossts, the health of the Lord Lieutenant was ed ana enthusiastically received. His Excsuzecy, in returning thavks, expressed his great satisfaction at agein arriviag in Gaiway on 8) aus- Pic:ons an occasion, referred to the pleasure ho al- ‘weys derived from the recollection of his former visits when he opened tne Lough Corrib Canal; glanced at the ancient scenery of Galway and its former mercial im- portance, but he hoped that its American trade and inter- course would render it far more prosperous than its Spanish trade bad ever done. As Governor of ail Ireiand be should be impartial, and not take upon himself to de- cide with respect to the claims of Galway, Valentia or Poynet to be an American packet station, bat id de- ‘Ciere that the great natiooai advautages of Galway stroug- ly 1m him, and witn all his neart he wished suc- Gens to toe prospect of Mr. Lever. The CHAIRMAN next proposed in appropriate terms— “Toe President of the Unied States,’ which was re- ceived wita acclamation. Mr. Tarnor, the United States Consul, acknowledged the compliment, end, on the part of toe nation he repre rented, he expreased @ hope of the Galway transatlantic reject * Mr. Leven's health was most warmly received, and in retupipg panks he gave Getails of his exertioos to pro- core a first 0'sse eteacer to sail from Gelw: He nad offered to Duy the Arabia. The Albert, wnich was coming from Glargow, was the fastest steamer in the world. He hoped that the people of Ireland woult speek woll and epcovrage ths preject, aud he was ceriaia of tts success Jrom is macy advaptages. Wheo he proved the route was the quickest, they would command the Englisn and American mails. ‘A letter from Galway, published in one of the Dublin Jonrnels of 22d of July, gives the following account ot the deatn, uncer suspis.ous circumstances, of one of the yiots who ran the Iodien Empire steamer wpon the St. Bogert Rock, in Galway bay:— ‘Toe trial of the Galway pilots, for ruaning the Todian Ewpire on the St Marguerite Rok did not wake place at this ertiz+e, owivg to the von arrival of that vessel and the conse quent absence of the witnesses. The town Grand Jury bao not been discharged until this evening, at the rieieg of ihe court = The pilots, oowever, did pot kaow the me mens the ship woud arrive, and Burgess (an Eng- lisnreao) bad been active in preparing his defence. He bat been getting & statement of the ‘ecla ready to be Waneterred to counsel, and was observed to be very low Jn spirits, A tepsation was caased in town today by @ rep rt toat the apfortunate man had destroyed himself, 8) d that ce is Gens is too trae §=Ee was found rigid, bat Py 4 “be belief is that he took strychnine. Nothing, however, is yet kno The Crown solicitor is engegea in the inquiry, and an inquest will be held to- morrow Toe et mech, I enderstand, has been removed to ce apaly aed. Th WiLL TRS NB son's Bay Territory. BL DORADO BE POPULATED FROM KUROFE OR CANADA? (From the Locdon Times, Jul, The question as to the future fate of the territories of the Huason’s Bay Compay is one that caa hardly be set- tled by Gedates in the House of Commons. The amoast of koowlecge paeessed by the great mass of that assom bly i# not eudicient, the amount of ioterest felt by ths public is pot adequate, and the qasstion is too remote both io time and pivee, 41) the cifficulties that beset Indian lo yislation apply to British North America io ® much greater Thera are vory fow persons directly lateresied destininw of tho Hudson's Bay Compaoy. It & purely comme association, and ite share ers, like other shareholderr, thik more of ir divicend of ten per cont then of ary | thing ele, und probably keow and care very litte ut the precise sources from whioh it is dorived. fo ia verest the general public there are no vistories, no can- gus, Do fail of dynarties, no ancient civilization and livs- pking of the re te Tost ode tree, Wild mea aod ¢ with which the company bes sought to invest it, \s eazentially basiness-| of fact and pross'c, There is no room for a O: Mizarro to the cold and melancholy loeee rugged soenes are oe hardy and torifty peasants of aborceenenire, to whom, with the practical good senve which pas througbont cletinguiabed thetr procesdiogs, the company bave intrusted management of their uader- taking The greater cart of the territory of the Hadson’s Bay Comj any, 68 Geacribed by disinterested witnesses before the Select ommitiee of the House of Commons, is of the cet oupremising description [t consists of primitive rock, aivernatng with deep 86 the rock 1 too hard to a » to perpstunl sterlity the limestone, which is in general ‘en ine cavion of ferwlity, is in the territory of the fadson's Bay Company @ stecng!ly mpregnated with magnisia as inves Immense tracts are the floods to #hich the 10 be yather acause ef I cenuded of rot! altogether: country is subject leave them. ® lvtle fertiliz ng matter behind ‘The trees are described ae small in girth and not lofty in growth, and are 20 capriciously oistribated that many of the most fertile spo are without fusl, which ts eappliea by the miserable oxpediont of burning the Gung of DufTeloes. the climate, in the most fa vorable part, i¢ about as revere as tho coldest regione of Lower Canada and becomes insu sportadly in- clement as we advance towares the north. Tae country ie, on trot, an American Siberia--more wevere in climate and almost as ‘nacceseible m posivon. It is, we think, a» oromny triumph of skill and toduetry that, while the crown lan: # of England ere rather a burden thaa a benoit to the Nauon, a private compsny should have been adie to bring eomething like orcer and reguiaticn ini this how! jog wilderness, to live on terms of peace aod amity with In“iao tribes tha: inkeDit it, to prevent thom from de- ying or even making war on each other, to employ them in the pracefal parsuit of tho chase, aad to derive from rources 89 anp-omising & revenue OF at |sast £50,000 If we are to judge from past experience, Parlia and Secretaries of State may long oxeroiso cneir Yogepul'y over there territories before taey can point to a reanlt equaliy satisfactory Tt seems, however, that we are not to reat content with the fur trade, but are to open these regions toa higher erate of Civ:lastion, for which the pursuits of the chase ecnly preparatory As much ov the territory plesses to ocoupy in offered to Canada, but only 07 tion that Canada shell connect herasif with « by roads, out townslipe in cho vast intervening torritory, js06 herself in & position to aesame the responsibilities of government. The Ssoro:er for the Colones assumes, and we think with very probability, that Canada will noi accept these ¥ they embooy the very oon titione damen helt oy the two Oanwitan with nd Mr Rove There aro few men ‘od on skmomung Over tains and triutop! like one of (he speakers ‘acared to the conception of a ship caoal carried over the lowest pass of the Rocky Moantaina. Bar Cavata wil), if we misiake Dot, 90K at this mater fram 9 IT rent pat of view. Tho rouse she hat to 0, woliko tha oath waye of the imagination, will have to be paid for, Bafure che inowrs ths expeose Carada will prodably consider what returoe rhe 4 to have for her outlay, aad from what saree it in to be derived. The terme wifsred ty Croata are a fair test of ber sincerity, If tis Onsadina rarbament ard poople really delicv dredth part of ibe statement of th hastiags nnd their pteat on the sabjeot of the value of lan t# on ths Hed river and the fap¥aciowan, they will Glove at once with the offer of Mr. Tabouchare, well knowin: by ine eale oi these lands they will indemnily thommeives for any catlay they May teake, and besides considerably snech their exouequer, But if, on the other haad, they believe teat there lauds, from the poverty Of their resource from the reraoteness and inaccoesibill'y of their aituatic and, above all, trom tho great facility which exists, and probably will oqgtinue to exist, of obtaining om the Amari cay cootinent lalids infinitely euperiog to them (n aii these NESDAY, AUGUST 4, 1858. in the market, , the offer of the Eag- JEWISH RELIOF BILL PASSKD—THE INDIA GOVRRE- MENT BILL 4180 PaSS8D—MBASURES WITH REGARD It 1 easy to praise these lands when the object is tog ¢ ‘THB JIDDAH MASSACRE anon. @ yr fone phn s gp pling ow re How uve oo pred mej Stuy the ull Actas ance was a reality aud prov from Lords which aamits ariiament your elecerity by the investment of money, which will be pee Oe Lane a aoa dows ihe and lost if the grievances turn out to be ‘unsubstaatial. | "tne proceedings in the House of Lords on the 2ist aad Canada, as it ts, possesses 350,000 square miles of terrl- | 994 ult were ‘ tory, of which daly 40,000 square miles are occu A in the Bouse Of Commune oa. tho 294 of July a debate great part o itis superior 10 soll, all of it is equal in cli- | toox place between sir C. G. Lewis Mr, Distae on mate, and far better situsted than the beat parts of the | tne financial condition of the country. Huason’s Bay territory Tae, for instance, the valley The former showed that the ‘were oen- of the Ottawa, a region irri for hundrece of miles »; eidovabin tn anon of the sotianated sovanne ton the ear 8 complete system of navigable rivera, comnooted with | aad the laler that the scuial : the port of Montreal by a railway, fertile in soil, covered largely in excess of his estimates, and fully justided tee Wim Gabor, wad ponsnesing 2 climate cspertor to tha! of | gppropriations thes had been wads. He ‘thet the the Red rivor. Yet this vast Pogion, so far from being | gaances of the coupiry had never been in « more healthy settled, bas never yet been fully surveyed. Is it | conoition than at present. that emigracts will pass vy Jn reply to an inquiry, Mr. J. Fitzgerald stated that the the mouth of this vast valley in order to bury the- | war steamor Cyclops was on her way to Jiddah to demand selves ina region out off trom the reat of wankind, Compensation, apd insist on the punishment of the without imports and exports. and in overy respect | parties concerned in the resent outbreak The Cyclops {ofertor in natural advantages? We a lh ‘was so heavily armed that she could execate any servies. therefore we suspect that the shrew? Canadiaus wil not ‘was notified that it wes not suilicient to senda invest their }, With which, like ul! other new cous- | Paghe to Jiddab, but measures must be taken to vindicate Sete, Shay axe ea mo means overburdened, in very iofe- | priticn ip the East. Toe Sultan bad expressed bis rior , of which they already posress more than | ing: tig the outrage, and his firm determination to ecovgh. ‘Should this be the case, is will reqain to be | exact exemplary punisomeat for it. He had alao seen whether the home government is prepared to under- | gt the disposal of the British Minister at take an enterprise which ite great colocy, with so much | 59,000 piasires, and announced his intention to confer a better opportunities, will havo renounced as unprodtsdle. | p .nsion of upwards of £400 on the daugoter of the Freneh When we come to look the expense in tno face w re | Bice Ooesel ‘and the representative of the Eaglish Vieo haps may come to the conclasion that it ia quits ia our | Copeul, The Pasha sent to Jiddah was armed with full poner © make matiors a great deal warse than they aro ower aes anges ereeeeweee Commer star we in Shepherd is about to recigo th office of Govor- git 234, in the, Bouse of Lords, the bill legalizing nor of the Hudgon’s Bay Company, aud will bo succeeded gig yy ‘e with a deceased wife’s sister was rejected bys by Mr. Bebrings; the Karl of Selkirk has Dseu offered the | msjority of twenty-four. post of Deputy Governor, and Mr. fhomas Fraser has India bili was foally passed. Leen appointed Secretary. The Archb! Canterbury expressed a hi ended ‘conse [From the London Times (City article) Jaly A great experiment, which was expected to gon far w restore the popularity of American railway invest- ments, seems for the present to have resuljed in diiap- pointment. ‘be Ilitnots Central Company was started upon ® eystem in which a vital element of success hitherto no- gletted was tobe brougntinto full play Previously thera had been no coab’ aa wo the great sncrease of mealih con ferted upen the United States by these entorprisse; bat after b tter experience to investers, 1t was found that the owners of the land through which each line was carrie1, and not the proprietors of the Ines themselves, were those who made their fortunes. The remedy appeared opvious. If the interest in the land and the railway could be combined in the same body, there could be nv coudt of the gains that must ensue, Accordingly, when it was announced about seven years bask, that the Illinow Cen- tral Company had obtained a free grant of 2 510,000 asros of the rich prairie lands of that rising State, throogh which to run a railroad of seven hunared miles from north to south, to connect the lake navication ab Chicago with that of the southern waters at Cair, i: was ceemed the hour had come when those marvell sus examples often quoted of the rapit increase in value of farming and clty locations in the West might, in the best possible manner, be brought home to the conception of any persons disposed to participate in the prejected enterprize. It was estimated the railwey would ‘cost £3,400,000, but that with the ress of construction the lands would realize much more than that total. The = thererore, was to issue bonds secured by these 08 to raise required amount, and thus to render it unnecessary to call upon the shareholders for auythiog of bonds being cancelled, there was & good prospect of their being in constant demand, and. ultimately, as the pe Ay extinction went on, of their commandiog a premium. For some time ,everyihing promised well. The sales of land, which are made on credits of two and three years, have reached abot £3,000,000, although eply halt the quactty Delonging to the company has been parted wish, while, owing to the influence of population, the remamder are fairly considered to be worth at this moment more thaa the sum Put upon the whole at the commencement. Un- ly, instead of the railway costing £3 400,000, the ex- tare mounted to £5,000,000; but still, psupposwg the eaiculations regarding the lands to be woil founded. there ‘was a prospect thas their sale would not only pay the whole but leave a large sum as bocus to the shareholder who would then actually be owners, free of cost, of the entire live of railway. The difference betwoon tho £%,400,000 raised by bonds aod the £5,000,000 really ex- pendea had been obtained partly by calls on the proprie- tors, who found themselves required to pay up thirty fire ipetead of five per cent of each share as origivally con- templated, and partly by obtaining Ivans in the New York money market on the a of the compacy. ‘Yet such was the confidence in the rep-esentativos gv no ‘that at this time last year the shares, wito £30 paid, were sought in the Siock Exchange at about £65, Then came the american pauic, when it was found that the promissory netes of the company which were in cir culation at short catee,avd which amounted to about £500,000, could not be renewed on avy terms. Lhere ‘was Bo time to make a suflicl-nt Cal op the shares, to thirds of which ate held im England, aad the company's paper was, therefore, al mat: Cebonored. To ore ure of the line by the liclders of these onl'g: rectors made an ase|gn@eat of the whole pro ty to trustees, Who were bound to rentae it equally of alt cla'macts. This gave the directors pacrifices and to collect a new caut of 50 per pressiag Gemancs, and t make arrangements for ths rewateder in proportion az the | credit of the company migh. recover the wore as, therefore, thought to be over, ast the shares which, with £30 paid, had failen to about £18, retu some periods to par Meanwhile the Ea, vestors sent out an agent to ascertain the entire p fair, both egarded the condition of the ti nancial prospects, ihis sgent recently month his report was prinied. Its dssail Tho road w: they hat purchased cated that the aires’ for all immediate claims wi deply othe shareholiore for avy very laresasanieal contribution. The report, however, inatead of lewcing ty any reoovery in quotations, was followed dy increawd tales and a rapid decline, ani aboat three weers ba: notification was received that a f payment of 20 por cent ch each share would forthwith be required, when tke price at once went down to aboct 28 discount—taas is §to eay, the shares with £40 paid, which at the rates Of a year ago ehould have been worth £75 could not now be aoid for more than £1% The reason for the n-# call in understood to coneirt in the fa'lure of a plan re- cently proposed to induce such proprintors o8 matzat bs willing Golumtarily io do #0, to forokeh a apecitc amount oa ao tau of ne ds wih errtain exceptionadle privi legos, At the seme time ca’ eorte of the floovs ia the _ Wert, together with exaggern'ed descriptions of dame dove to valuable property of the company at their ( terminus. The tratlic of the line—whioa was previour inguflicient to meet (ue interest of (29 Monde for £ 3,400,000 iseved for ite conetrvction, and whicd interest, dutil tt total is diminiabed hy ine pryments doe during the ne two years from purchasers of laods, ay have 10 be part y provided by the abarehol ters--.was further affsetea by this cause. Hence an accumulation of misfortune has falion jast at the moment when evory may who may Bave already pwd up £10,000 to the ecmprwy ts Called upos to eupply £5,000 mor ieonverinucr aad {te comerquent wf oF on we w easity be consstved. Yet cnless eo extraordinary mistekes or deceptions Dave ty be Sroegat to light, the ultimate promise to atl covserned te iftite stort of that which was herd eat at starting. Ali caruniticn Dow preesing Are Mainly of aD Aocitoatal « temporary cbaracter; and those who are fam liar changes which a few years will effect ona tine of wey through euch « ‘@ as Iino can stil! soaresiy hesitate to lodulge @est sotcipsions as to tt prozert?, which havtly eoy"hiog bat grose ors joresty can disappoint. At all events, if doturion, the feo: mast be no Concelvabis eircan + be mate to pay, ant the benefit will bave been attaioed of patting a: furvher losres to courection with them Upen ite ree therefore, ioterests of wider scope depend thas y 13 Of a Blngie underta Tea hirtory will thus 66 wawched by Bag how Nigh investers, and it may b somo further deve Jopemente wil: eoon be arrived a. This afternoon (221) ‘a meeting has been hele ac tho Loudon Tavera, at which it has been reavivea to appoint a permanent Lonaen com mittee, and aleo to ecteavor to make provision for are evar audit at New York, on dehalf of the European shareholders, It has likewise Deee determived that a Geputaten of shareholters shoult proceed t New York, 10 prevent the company being pledged to farther expen ‘erture without the previous concurrence of the Loodon committee; and, finally, « general opinion was expressed that the railway ja now io a coadition in which, after the payment of the call of tweety per cont abvat to fall dus, bo More money should b» required. ACTION OF THN ENGLISH SHARRHOLDERS. (From the London Times, Jalv #5} that the Eogiien snarehotsers in the Iilinois Compeny bave just appointed & permanent oom Mr. Moffatt, M.P, Mr. & Bilis, Mr. , Mr Cobden, Mr. Wheeler, Mr. C Mdechmidt, Mr. W. Heed, Mr. © Pr. . Baird, Me. of affurding boldera and boooholtera grester facilities for commant- caving with each other, and for promoting a m fe fre- 8 aod information Hetwren tiem in the United States Pen. vision for auditing toe accounts of the company by Rag: Veh aad American auditors, acatetad proversional ay Countant, if peeessary, bas bern decided om. em Cowrnies are to Apporot a depitation from the Furopean rhireholtare, ty proceed to the United Staten, for the purporo of extab lehiog anoh arrangements with the Board of Irectore ia Naw York as will orerant any future calls being male or money raised upon the credit of the company hay the previous koowlmigs and coveurrenes of the commiiton, and the deputatioa are to make such other arrangomenta with the oirectors ia New York a+ may be deomei necessary for the protec tion of the intereats of the eharebolders generally. A teh from Southam: land, dated alter: : on pion, Bagland, nt Cent; mittee, crpetatl T. Smith, Me. Cropper of July, says: — olock this morniog the north wall of the inser dock commenerd bug ing oat and the quay suing b> the extent of one hundred fet, aod ab thia time tho sinking very Sawen. The water is all outof tue docks, and haa been nome weeks, daring the dock Sxtession, Pah Fo ad of the superintendent, dated Friday mignt, of July, says The ground shina the north wail of the tansr dock be 9 sink thin moraiog, saa the floor of the dove to rise, the movement han carried the wail forward for 250 foot, the extreme point being 4 feet 6 Inches beyond tse ptrnight line, Tre wali bas auok 2 fer! 6 foches, ant eho round behind 10 fest. The bottom o¢ tho dock ie Faisod Four to five feet. The Warehouse ani vauit are Joasit ered pa(o—the tattor oyntalaing a valuable stock of wise th bottles, valued st £10,900. The London Enquirer eationates that the cost of repairs Will be fro.n £2,009 ta £3,000 | ere distinctions of caste in Ladia oxial ‘The Far! of Dorby gaid government would give indisort- minate end iapartial protection to aM creeds aad but would give uo material asvistance to apy measure (or converting the nati He pas it would be most un- Gesirable to attempt to remove the distinctions of caste, which were so interwoven with the principies and feelings of ths Hindoo, In the Bouse of Commons Lord Stanley stated that be- tween January and the 20th of Jaty 17,000 troops had been Bent to India He added taat government ts well aware of the great importance of striking un effective and final blo tho insurgents in the course of the ensuiag cold season. Mr. Fortescue asked government whother thoy intended to adhere to or t frota the poilcy of their predeoes- #ors with reapect to the right of visiting auips su:pected of elave traciog, amd asked what course they iatouted to pursue op that gibject. Mr. Fitzgerald replied thet the mettor was under the copsideration of government, but be could pot be expected gtate what course they would take under circumetsaces whicb had cot yet occurred. The Uolied States bad invited her Majesty's government: to frame a o ition, which was bow uoder considera- tion. Be could pot give a postive answer as to what would be 6 if these propositivas were nut ac repted, bas be bad every reason to believe,from tne manaer in which the pegotietions bad been carriec on hbitoerto, that they would arrive ata eatiefsctory conclusion. Lord Palmerston did vot think the acswer of Mr. 8. Fitzgerald, respecting the ngbt of visit, a eausfaciory one. Toey ought to know whether there had beea as yet any completed transaction. The Chanceilor of the Exchequer said that the claims both of Erglana and America were at presext in abeyance. ‘The United States had invited her Majesty's goveromeat to frame @ proposition for putting down the siave trade, which eheuld remove at the same time the existiag dii- culties between the two countries The governmeat hed responded to their invitation by concluding @ plan whice wou.c, be trusted, acswer the end proposed, bo satis- factory to all parties. (Obeers.) Frapce. A NBW PISHRRY TREATY IN NEGOTIATION WITH NEW- FOUNDLAND—PROGRESS OF THR DANCUB(AN CONF RENCES—MURDBR OF A SHIP'S C&RW BY NE- GXOES—THS FRBE IMMIGRANT SYSTEM AND RE- TALIATION OF THE COLORED MBN ORsINE HAND GRENADSS—BFFROTS OF THS FINANOLAL CKISIS—MONSY MARKET. The news from Paris is dated on the 23¢ of July. Despatches from the Commandant of the French naval station off Newfoundiand announce that after several in- torviews witb the legisiative body of the colony he bed 80 in establishing the basis of a new treaty rels- tive to the fisheries, and of such e nature as to givs satis- faction to all the interests concerned. of the Paris Conference are expected to close The sittings on the 16th of August Another despatch mays the were exoeciol te baa d for the signatures of the Pienipotentiaries om the iy. The Paris Moniieur anvounces that M. Mon has beon ap- pointed to succeea the Duke of Rivas as Spanish Ambasea- Cor at Paris. La Presse announces that the crew of the French ship Marte Caroiine bas been murdered and the ship burned on the coast of Madagascar. It appears toa! eho weat te the isiand to take fres iavorers for the French coiouies, which ove of the Medagascur chiefs promeet to sapply. When the captain went on shore to receive them he was treacheronsty mordered. Tho project of the Belgian goveroment for reutoriog the fort!€cations of Antwerp more formidable is ceasured by the French sem) official jourvals. The Paris correspondent of tae Loudon Times again says that the statement tbat the Fronch troops are to be with Crawutrom Rome is positively convradicted tn official quarters. Moraba! Kevdon’s return to Algiers bad been portponed Hil Zeptember, when it is expected that Prince Napxoom Will sccompany him. Tt was thought thet Prince Nap»loon remed minster of Merine,acd even m of War sooner or |ater A letter from St. Etienne reporta the sei: of three imivar to Ursial’s, aad the consequent arrest of tweaty persoee A pian of the fortifcations has, it is mid, jast been die covered at Gherbourg, on wbich some cra wings and pisos were made by the Emperor Napoleon I. when he vieited that pert i 1stl. Famed from Brussels of the 19th of July mentions as ollows:— The King ber given Count de Chambore Avery distinguishe’ reception to te * two Or three days the Prince sper tat Groswels. Hie attentions were not limited to visitiag Pim a! ibe Hotel de Bellevue: be alto reesived him at diseer Fir neckenon a ooting of (be c'oses intimacy. The Dake de Brabsnt siso visited the Count de Chambord at the same time ibe‘ ouat de Paris aversed Belgium with yet by Brune'e, 6 halting at an} try. The fae stihe relationg of the King with the Or- lenea family are cold. exoout with the Queen Maris amotio 1 te thoviebt that the Luchess de Brabant will atlend the Joins Chor doura, The Pa Peepontent of the London Globe, writing the 2d of Jury, gaye tbat aglance at the roatetead aod naval barbor of Cherbourg wullicwe td snow that 14 1 not the bugbear tout migntbe suppored. 1 is potiané locket like Breet or SeDanvopal: acd enpposing it to float inalos toe break wa'er 40 ebips ct war god 490 transports, there i¢ potbITg Ww preveat the whole collection detog fed and nanibila ed by an « uteite feet commanding & raoge of two mol'er, ard jeod balteries Cannot protect it efficients. An Cilicia! Cocument lately sabmitted to the Chambor of Commerce of larie +onves us to eotimate the oxtans of the commercial crivi#, hy hes caused, and je stilt Causir g, #0 HON Ghetrety ‘aria and |p the depertmonta. It sppcare (rom thw paper that the number of co umercial twlares Ceo ared betwen toe let July, 1867, aod toe 26th June, 1858, amenated to 1,016, de 1a the preceding lweive mon he they numbered oaly 700. The dividends, howeror, declared during the last year amouated to 4,083 S098 © those paid trom the Ist Jury, 1866, to 1867, smountec to 2,724,704 The rewon is paid for the your [867-1868 than those declared in the provious your te reeponcen's in evesgements. m1 nee, and who have since saiished their ‘lence announce that the result of the from 40f to SOF. for ordinary care, wbion commenced on the 16h ult., aud was to clone ©» tbe USI, Das opened ueder the mest favorable suept cre. All the @arenouses ere crowded with merchandias. The Paris J'yesse of the 17th ait , in ite weekly commer Cal review, saye:—The improvement in business which bari late:y becume apparent bas not alaekened during ne pest week, aud nome branches, whicb bad nat before been much benefitted by tne change, beve now begue te feet its effects. Dariog the Inet few days commumaivm Ag ote Dave made cone: parohages for exp srtation to jewelry, bronzes, perfumery and other goods coming vader the specia! denomination of Paris articies, and bere nico given large orders for fature delivery. The improved feelieg @ more particular'y remarkable in regard to ve sues, for which large croers have been received both from the United States and the wholesale houses in Paris. ‘The lat‘er bad scarcely bought anything for the inet six months, apd their stocks ere ao@ unusually low. A despatch from Paris, dated the night of the 234 of July, aay wae per conta improved today, and closed ot nite hata Serta Soe ‘rom the uieur Py We hdve not hitherto sotisad the Tmogaoatrable at assumed with regard to France by @ fow of the Kagtiah journals, ant of don wri equally distieguisthot tor ters men choracter and their talents, to often noe lent Vtg hey ere bitterest Giatriber aga’ bd panes & bad apere- ciated only the day before at ite full valine. Tt directs the qroseeat and moat calamnjous attacks against a prince whore noble character, profouerl sagacity, and powenrut renitow it will exalt the Vollowing day, tous yielaing to tea ‘ores of treth, Whence comes thia incoberency of Inn. puinge? Can it bethat there are two descriptions of trade m for the Timas—eer ious and sensible tanm, to whom thn me rious article it addressed —tho princinal pieos, as they na at the theatra: and the cld Jobo Bull, #ith hie acti Frene! dices, for whos amunament the farce muse be played? ‘@ hypathenia ia not improbable, but {t fs by no mens eeneiotent with ‘ho dignity of a grea: and conacisn. tows journal, The Timer and ie fow suxilaries in, the attacks directed aga tet Franee cannot but kno val there is no redeon for the absurd fear which they emlea vor to propaga’e amoug the English poopie of an inva tioa Dy France, It is, moreover, degraling to the power of tho great nation w which’ ft (sw! ireweed g@ateaver to persvade her that it ly to prepare means of attack hor, orthat a government which ha Of tagecty and predence would tak of subjt three kipgdome, or even any portion of that war COpDti y, Without immense preparations, which © Ty be concealed. Those people have not the moat ram: i notion of war who belleve that a nuraerous army fain be equipped secretly, and that tenn be leuéed on & nvigh- boring const wild the Pame facility that a pleascre trio can be tage from Paris to Londen The eymplevon, #9 long expected, of the works at Chorbourg, ander axes by Diends with’