MININ G. MINING in its various branches, and for every and all kinds of ores, minerals and metals is, without doubt, the chief factor from whence our great sources of wealth are chiefly derived. From the earliest times mining has been followed with more or less energy in all civilised and partially civilised countries. It matters not whether it be mining for coal, iron, tin, copper, lead, gold or silver, the development of the resources of the earth creates new wealth, and gives a stimulus to all other trades and callings. Mining is an industry which, when economically conducted, gives large returns for capital judiciously invested. There are, of course, great prizes and many blanks; but taken as a whole, the results derived from mining are of the highest importance to the general progress of the world and the prosperity of mankind. England itself gained its fame from the richness of its mineral and metalliferous wealth. It was the richness of the tin deposits in Cornwall that attracted the attention of the early traders to our shores, and the gradual development of mining has caused England to progress with rapid strides until it has reached the pinnacle of fame as a manufacturing nation. The discoveries of gold in California caused an immense inflow of an enterprising population to that country, which marked an era in the rapid progress of America that no other form of industry could have ever achieved. It is to the results of gold discoveries in California, and afterwards to the development of the rich silver mines in Nevada and Colorado that the great Western States of America owe their marvellous rise and progress. The same must be also said of our great Australasian Colonies. The discovery of gold at the Ophir in New South Wales and on Ballarat, Bendigo, and Forest Creek in Victoria, opened up new avenues of wealth and fields for settlement that no other industry could have done. In California and other Western States of America, as also in Victoria, New South Wales, Queensland, South Australia, New Zealand and Tasmania, mining has become the leading industry. The development of the gold fields in those countries first attracted an enterprising population bent on exploring the auriferous resources of the several districts, and around the mining fields have settled an increasing and prosperous population engaged in other occupations that make up wealthy communities. In South Africa, we are again witnessing the beneficial results. of Mining. The development of the gold fields in the Transvaal and the diamond fields at Kimberley, is rapidly transforming a vast area of country from a wilderness into prosperous and industrial communities. The opening of the rich silver fields in the Barrier Ranges, near the borders of New South Wales and South Australia, has had the magical effect in a few years of producing an unparalleled stream of silver from the mines, that has caused the settlement of a thriving population in a wild expanse of country that previously had little population. In all other parts of the world profitable mining has had a similar effect, in causing a rapid increase of population, and the dissemination of new wealth amongst its inhabitants. The increasing wants of mankind for money in gold and silver, as also the absolute necessities of ever growing communities for all other articles of use that can only be obtained by mining, renders this industry one of the most important of the age. Readers should bear in mind that mining under the earth and producing its treasures is different in its results from the mere speculation in stocks and shares. The one adds to the permanent prosperity of nations and individuals, while the other is merely an interchange of money from one set of hands to another. CAPEL COURT. THE Squeeze in the Money Market, which it was at one time thought would be so acute as to involve a positive crisis, has, we may hope, been avoided. Gradually the Bank has tightened its hold on the outside market, until it may be considered as master of the situation. A general feeling of confidence has been diffused, and prices have for the most part been firm. International Securities. Foreign Securities have been strong. Greeks (1884) have to-day (Monday) touched 84. When it is remembered that they have risen from 663 in the course of the year, it will be seen that they have been steadily rising in public estimation, and we can see no good reason why they should not touch par within the next six months. Egyptian Unifieds show a rise of . They are, of course, influenced by the course of events in Suakin. If affairs there progress favourably, a still further rise will be witnessed. Hungarian Rentes have touched 86, being the highest price reached since the creation of the four per cents. The Russian Issue of 1873 stands at 999, thus showing a rise of 1 on the week. Notwithstanding the favourable progress which this stock has made of late, we still think it a good "bear," and operators will live to see a considerable retreat from present prices at the first sign of an international scare, which, arguing by every known analogy, should take place within the first three months of the New Year. South American Issues, notably Argentine and Uruguayan, have been shaky. We have cautioned our readers as to these securities more than once, and we cannot do better than repeat our advice. Home Rails. Prices in this department have been firm, traffics good, and anticipations better. Caledonians, as we anticipated last week, have risen from 1143 to 116, and, with the exception of Hull and Barnsley, which show a big fall, the other descriptions have risen. The traffics of the Scotch lines are even better than was expected, and the London and North-Western and the North-Eastern show increases of £11,000 and £9,000 respectively. Hull and Barnsleys are good bulls at present prices, as also are "Brighton A's," and Great Westerns. Advice, however, is probably useless, or at all events is be seen that, to repeat our statement of a fortnight back, a hardly likely to be taken, until the New Year, when it will good time will come for Home Rails. American Rails. The sanguine feelings to which we referred last week are gaining strength, and, if only the public mind could be assured of a harmonious understanding between the leading lines, business would commence in real earnest. That, however, is exactly what the public do not feel sure of; but, despite the uncertainty which still prevails, the tendency of all the leading stocks has been strongly in the upward direction. As the crops of last year begin to be moved, the traffics are increasing, and that, together with the natural reaction from a long period of depression and the slowly-growing feeling of confidence, are bound to send Americans along. Lake Shores, Union Pacifics and Eries are good purchases. Trunks have shown a further fall, on the declaration of another disappointing traffic; they should be left alone. Mexicans have been firm. It should be borne in mind by operators in this stock that the Inter-Oceanic line is progressing and, despite fluctuations from time to time, the prospect of competition is getting nearer, and that next Christmas will probably see them at lower figures. We cannot help wondering why the members lately suspended for dealing on account of Glyka were not called upon by the Committee of the Stock Exchange for an explanation at the time of the discovery of his defalcations. THE WORLD.-MONSTER NUGGETS.-THE LAST WILL AND TESTAMENT OF MOTHER EARTH.-See Mr. THOMAS THOMPSON'S MINING AND INVESTMENT CIRCULAR. Free on appli. cation. Also whether the Committee would have taken any step A MARVELLOUS COUNTRY THE RICHEST IN had the judgment in Vagliano against the Bank of England been the other way. It does seem strange that dogs which have slept so many months should be so suddenly and rudely awakened. Now the Committee is very active indeed, and employés will have to get their bargains done in the name of a friend and put down cover in untraceable gold. Most of our contemporaries who have referred to these suspensions appear to be under some misapprehension as to the wording of Rule 57, under which the penalty has beeu inflicted. The rule says "The Committee particularly caution members against transacting speculative business directly or indirectly for or with officials or clerks in public or private establishments, without the knowledge of their employers. Members disregarding this caution are liable to be dealt with in such manner as the Committee may deem advisable." It will be observed that the members are "particularly cautioned," they are not prohibited; and, considering the very grave danger underlying speculation, especially in cases where the speculator perhaps holds a position of trust, it would be as well to make dealings for such clients prohibitory, and the penalty for its neglect more heavy than mere suspension, which does not prevent the person or persons carrying on their ordinary business through another member. There is one curious thing to be noticed about this Rule 57, and that is, that is the only place where speculative bargains are mentioned or referred to the polite fiction underlying the whole government of the dealings on the Stock Exchange being, that every bargain is for actual investment or delivery; and the whole of the Rules and Regulations, from No. 1 to 176, may be searched in vain for any indication that there is such a thing as an organised system of speculation in stocks and shares. Some financial journals are always ready to tell the Stock Exchange Committee how to manage the affairs of that institution; but it surely must be a very shallow clerk who inspires the idea that the Christmas settlement should be arranged for the Thursday, Friday and Saturday, simply to allow a few members or clerks to absent themselves on the 24th inst. Having the first day of the account on Monday and then a break until Thursday may be inconvenient; but how about the pay-day being fixed for Saturday, when the banks close at 2 p.m.? If the Saturday half-holiday were broken into what a row there would be all round. In the first place, a Saturday could not be fixed upon, owing to the banks closing early, and it would be even more inconvenient to make the pay-day the last day of the year; so that no choice was open to the Committee. Before the passing of the Bank Holiday Act, we have known Boxing Day commence the settlement. Besides, Stock Exchange clerks need not grumble-they have the first of January as a fixed and unmoveable holiday, while others will be at work. MERCATOR. WILLIAM HENRY BUMPUS, STOCKBROKER AND MINING SHARE DEALER, 44, THREADNEEDLE STREET, LONDON, E.C. (Established 20 years at this address), transacts business in Mining Shares of every description. English and Foreign Stocks, Colonial Government THREE GRAND MINING PRIZES.-The Shares of one of these have risen from Is. to £2 (the present quotation), and bid fair to go to £3. The Shares of the second have risen from 7s. 6d. to 32s. 6d. (the present quotation), and bid fair to go to £4. The Shares of the third are now at 4s. 3d. to 5s. 3d., but promise well to reach as high a price as the two first. For particulars see Mr. Thomas Thompson's Mining and Investment Circular. Free on application. THOMAS THOMPSON, STOCK AND SHARE DEALER, 81, Angel Court, London, E.C. WILLIAM BEVAN & CO., Stock and Share Dealers, SPECULATIVE ACCOUNTS OPENED on the most favourable terms and at closest market prices, with cover at 1 per cent. or upwards, at the option of operators. Liability absolutely limited to the amount of cover. Bargains wired immediately made. No commission charged either on opening, closing, or carrying over Stocks. None should speculate without applying for our "Investors' Guide and Speculators' Vade Mecum," which will be forwarded post free. Handsome profits have resulted from our last recommendations. ADVICES FOR NEXT ACCOUNT NOW READY. £5 commands £500 stock, £10 commands £1,000 stock, £50 commands £5,000 stock, and so on in proportion, with no other liability whatever. Bankers-LONDON AND SOUTH-Western. Telegraphic Address-" DISCERNER," LONDON, MINING SHARES. -THE BEST Market. MEMBER OF THE REDRUTH MINING EXCHANGE. SAMUEL JAMES, STOCKBROKER AND MINING SHARE DEALER, 14, ANGEL COURT, LONDON, E.C. Bankers: IMPERIAL BANK, LOTHBURY. Send for the Royal Exchange Mining Share List, issued every Tuesday and Friday, containing LATEST prices. For twenty-two years Mr. JAMES has devoted his entire attention to Mining Business. He has correspondents in all the Mining centres of the world. His special information and lengthened experience are at the disposal of his Clients. All transactions carried out with promptitude and despatch. Mr. JAMES is prepared to Buy and Sell Shares at the closest market prices, and to pay CASH for all purchases. Shares sold for forward delivery, one, two, or three months, on receipt of the usual deposit of 20 per cent. ADVANCES made upon approved Mining Shares. TELEGRAPHIC ADDRESS: SAM JAMES, LONDON. ROBINSON & CLEAVER'S IRISH At Bonds, Railways, Banks, Financial and Miscellaneous Shares, and DAMASK TABLE AND HOUSE LINENS, A Wholesale all Securities dealt in on the London Stock Exchange. Mr. Bumpus devotes Special Attention to Legitimate Mines, and is in a position to afford reliable information and advice to intending investors and others in the selection of Shares either for Investment or Speculation. The present is a most favourable opportunity for investing in Sound Mining Securities, a judicious purchase of which at the low prices now ruling will, in all probability, result in large profits within the next few months. Cornish Tin Mines-Special Business. İndian Gold Mines, South African Gold and Diamond Mines, Queensland and New Zealand Gold Mines, American Gold Mines, Copper Mines, Lead Mines. Mr. Bumpus has large transactions in the above, and can execute orders at close market prices. Send for Investment List (free on application). All Business receives Personal Attention. W. H. BUMPUS, 44, Threadneedle Street, London, E.C. (Established 1867. Telegraphic Address :-" Singular, London." [Advt. THE TEMPLE NEWSPAPER AND SOLICITORS' REVIEW. VOL. VIII.-N.S. No. 116. LONDON, WEDNESDAY, JAN. 9, 1889. PRICE THreepence. Registered at the G.P.O. as a Newspaper and for Foreign Transmission. PUBLIC COMPANIES-To Solicitors. RICHARD JORDAN, 120, CHANCERY LANE, Public Companies' Registration Agent, &c., Continues to render assistance to the Profession in all matters pertaining to the Formation and Registration of Joint Stock Companies. MEMORANDUMS AND ARTICLES OF ASSOCIATION Entrusted to him will be carefully perused, and printed with accuracy and expedition Draft Articles of Association, printed wide for alteration, 3s. 6d. per copy. Registers of Members, and all other books required by Joint Stock Companies. A large assortment always in stock. Share Certificates, Common Seals, &c. &c., engraved to any Design at the shortest possible notice. Now ready, Twelfth Edition, 2s. 6d. post free. The Joint Stock Companies' HandyBook. By R. JORDAN. To be had of the Author, as above. GUI By UIDES to the BAR FINAL. J. INDERMAUR and C. THWAITES. Published by G. BARBER, 16, Cursitor Street, London. 1. Trusts and Partnership. 2. Criminal Law. 3. Common Law. 4. Real and Personal Property. 5. Specific Performance and Mortgages. Nos. 1, 3 and 5, published at 3s. 6d. each, post free, for cash, 2s. 9d. No. 4, published at 5s. 6d., post free, 4s. 6d. for cash. SECOND EDITION of No. 2 (Criminal Law), now ready, revised and enlarged, published at 35. 6d., cash, 35., post free, 3s. 3d. For Sketch of "Landlord and Tenant" procure the "Law Student's Journal" for March, 1888. SOLICITORS.-A fine SUITE of OFFICES (three or five rooms) to be LET, at New Stone Buildings, Chancery Lane, close to the Law Courts and the Chancery Lane Safe Deposit. Lighted by electric light. Every convenience. Moderate rent. Use of elegant arbitration rooms in same building at reduced terms. Apply at the Collector's Office, in the Hall of 63 and 64, Chancery Lane, W.C. STANDARD LIFE OFFICE, 83, KING WILLIAM STREET, E.C. WESLEYAN & GENERAL ASSURANCE SOCIETY. ESTABLISHED 1841. Empowered by Special Act of Parliament. Chief Offices-BIRMINGHAM. Branch Offices in all the Principal Towns and LONDON BRANCH OFFICE: ACCUMULATED FUNDS EXCEED £194,000. Reports, Prospectuses, &c., may be had on application. R. ALDINGTON HUNT, F.S.S., A.I.A., General Manager. 33, POULTRY, LONDON, E.C. New Business for 1887 (14th Year)... £1,459,786 Annual Income exceeds Quarter of a Million Sterling. Accumulated Funds (31st Dec., 1887.) £740,155 Liberal Conditions. Moderate Premiums, Rates for Assuring £100 at Death. With Profits. Age 30-£2 45s. 8d. Age 35-£2 11s. 9d. Age 40-£3 os. 9d. Tontine Policies upon the Popular "Colonial Mutual" System. TYPE-WRITING FOR SOLICITORS. A Type-written Affidavit is as legible as print. The Judge reads it without the strain on the eyes caused by an Engrossed Document. Counsel seize the pith of a Type-written pleading or brief in one quarter the time required to read instructions prepared by the Law Stationer. All Solicitors, in the interest of their clients, should adopt the new system by which every document used in the Law Courts is copied by the Type Writer at an average price of itd. per folio. Special quotations above 200 folios. Agreements, Abstract of Title, Conveyances, Transcripts of Evidence, Private Examinations, Pleadings, Articles of Association, Evidence used in all the Divisions of the High Court, Bankruptcy, and Criminal Court can be copied by the TYPE WRITING BUREAU Limited, with accuracy, expedition and secresy. Documents received from Country Solicitors by post, copied and returned forthwith. TYPE-WRITING FROM DICTATION. Solicitors wishing Special privacy can personally DICTATE to the Type-Writing operator, and their Shorthand Clerks can also dictate their Notes taken in Private Examinations without previous transcriptions. Town and Country Solicitors should write for Specimens. Address-Miss JOHNSON, the Type-Writing Bureau Limited, 60, Chancery Lane, London. MESSRS. E. and F. SWAIN'S JANUARY REGISTER of FURNISHED HOUSES, Residences to be Let or Sold, Country Houses, &c., will be forwarded by post, or may be obtained on application at their Auction and Estate Offices, 82, High Street, Notting Hill Gate, W. HEPBURN & COCKS,] Established 1790, 93, CHANCERY LANE, LONDON, W.O. Society: Joint DEED, BAWDoors Nor Mr. R. M. STEPHENSON, LL.B. (Lond.) THE JURIST: A Journal for Law Students and the Profession. Edited by RICHD. M. STEPHENSON, LL.B. A Scholarship Exam. open to all Law Students will shortly be held. For particulars see Jurist. Annual Subscription, 6s. 6d., post free, including all Supplements. Specimen Copy, 7d., post free. ALEXANDER & SHEPHEARD, Publishers, 21, Furnival Street, E.C. REEVES & TURNER, Law Booksellers & Publishers. Libraries Valued or Purchased. 100, Chancery Lane & Carey Street. WILDY & SONS, New and Second-Hand Law Booksellers and aw Libraries Purchased or Valued (Licensed Valuers) Catalogues Gratis. Telegraphic Address, "WILDYS, LONDON." THE LAW LENDING LIBRARY, FOR TOWN AND COUNTRY. 14, Bell Yard, Lincoln's Inn. For Terms of Subscription and Catalogue apply to STEVENS & SONS, 119, Chancery Lane, London. GRATEFUL, COMFORTING. EPPS'S COCOA. BREAKFAST. "By a thorough knowledge of the natural laws which govern the operations of digestion and nutrition, and by a careful application of the fine properties of well-selected Cocoa, Mr. Epps has provided our breakfast tables with a delicately-flavoured beverage which may save us many heavy doctors' bills. It is by the judicious use of such articles of diet that a constitution may be gradually built up until strong enough to resist every tendency to disease. Hundreds of subtle maladies are floating around us ready to attack wherever there is a weak point. We may escape many a fatal shaft by keeping ourselves well fortified with pure blood and a properly-nourished frame."-Civil Service Gazette. Made simply with boiling water or milk. Sold only in Packets, by Grocers, labelled thus: JAMES EPPS & CO., Homœopathic Chemists, London. FISHER'S BRIEF BAGS 188 STRAND 10/6 TO 5₤ SETISEMENTS RECEIVED for insertion ELL (Established 1869).-ADVER in the Times, Standard, Telegraph, Daily News, and all London and Country Daily and Weekly Newspapers. Advice given, and estimates supplied, free of charge, for any line of advertising, by Mr. HENRY SELL, Editor" Sell's Dictionary of the World's Press and Advertisers' Reference Book" (1350, price 2s.).-SELL'S ADVERTISING AGENCY (Limited), 167 and 168, Fleet Street (ground floors), London, E.C. Telegraphic Address, "SELL, London." Nervousness HORSFORD'S Acid Phosphate A NERVE FOOD. Nervous diseases are often due to a diminution of the phosphates which exist in every fibre. The Acid Phosphate supplies the phosphates, and relieves nervous haustion. ex Dr. C. J. DENNY, M.R.C.S., Blackwater, Hants, says: "I prescribed it in cases where the chief faults of health appear to be want of nerve nutrition, with marked benefit." Dr. SPENCER T. SMYTH, L.R.C.P., Forest Hill, Tyson-road, London, says: "I have given it in nervous disorders where phosphoric acid is indicated, particularly in cases of nerve prostration, and find it a valuable remedy." Descriptive Pamphlet post free on Beware of Substitutes and VOL. VIII. Pump Court LONDON, WEDNESDAY, JANUARY 9, 1889. THE following are the arrangements for the sittings of the Queen's Bench Division during Hilary sittings :-Three Courts will sit in Banco, the first of which will be composed of Justices Denman and Stephen; the second will consist of Lord Chief Justice Coleridge and Mr. Justice Hawkins; and the third of Mr. Baron Huddleston and Mr. Justice Wills. Six Courts will sit for the trial of special and common jury actions and cases set down to be tried without juries, the judges being Baron Pollock, Justices Field, Manisty, Cave, Grantham and Charles. Mr. Justice Mathew will be the judge in attendance at Chambers during the sitting. WE understand that Messrs. Stevens & Sons, the oldestablished law publishers, of 119, Chancery Lane, and their employés, have incorporated themselves under the Companies Acts. There will be no issue to the public. The only effect of the incorporation is that the firm is now a limited company, instead of a private partnership. No. 116. A LEGAL Contemporary is laying undue stress on the age of Mr. McIntyre, who has just been appointed County Court Judge. All we can say is that he is a younger-looking and more active man than many men ten or twelve years his junior. No one would dream, if he were not told, that the dapper little figure can count as many years as it appears he is justly credited with. We congratulate his honour, but not less do we congratulate the County Court Circuit to which he has been appointed; for, in Mr. McIntyre, they have an able and experienced lawyer, and a courteous gentleman. His Honour, Judge Snagge, to whose circuit Mr. McIntyre succeeds, is transferred to Circuit No. 36. THIS quarter's circulars of the Emigrant's Information. Office relating to Canada, the Australasian and South African Colonies, have just been issued; and a poster, giving a summary, is exhibited in every post office. Queensland grants free passages to single female servants and selected unmarried agricultural labourers, and Natal grants them to a limited number of small capitalists under special provisions. Western Australia, Queensland, and, under special conditions, the Cape, grant assisted passages; and Western Australia, Queensland, and Natal, nominated passages at reduced rates-mainly to female servants ard agriculturists. Farmers with capital and female servants will find openings in all the Colonies; and agricultural labourers in Canada (in the spring), New South Wales, Victoria, Queensland, Tasmania, and some districts of New Zealand; while mechanics are only in demand in very few localities, as in the western districts of Canada (in the spring), in Melbourne, especially for those connected with the building trades, and, to a limited extent, in Tasmania. "SWEET LAVENDER" reaches its 300th performance at Terry's Theatre on Friday next, January 11. COLONEL HENRY MONTAGUE HOZIER, Secretary to Lloyd's, has been recently elected to a seat on the Board of the Channel Tunnel Company, and he loses no time evidently in espousing its cause with a thoroughness quite usual with him, for on the seventeenth instant he will deliver a lecture on the Channel Tunnel before the Society of Arts. It is to be hoped that he will not allow this new position to interfere with his duties in the Room, where matters are becoming more and more stormy. By-the-bye, both Sir Edward Watkin and Colonel Hozier are staunch Unionists, politically. They are now in another sense Unionists. We need hardly say that we wish them success, for it is not new to the readers of PUMP COURT to hear that we are in favour of the Tunnel. MR. SPENCER BALFOUR tried, the other day, ineffectu ally, to throw dust in the eyes of the shareholders of the London, Edinburgh and Glasgow Insurance Company (Limited). This concern is a most peculiar one; it has been so since its promotion, and that was peculiar enough for the most attentive searcher after novelties. Why, or how, Mr. Charles Weeding Skinner was appointed to the Secretaryship, few people could at the time understand; as the actual organiser, an experienced man, was passed over at the last moment, and left with certain accommodation bills to meet on account of the Company. The liability was a not inconsiderable one, and was eventually discharged, as the Company has at least made a succés |