that priests and members of a religi- ons, half-monastical order, could not reasonably be expected to fulfil. Still, Father Cahill had a few pupils in book- keeping and commercial accounting, and so far, went ahead of the Lycoam, where not a word of commerce or business is mentioned.
On the departure of the Jesuits a Lyceum was organised at St. Joseph's, in earnest. Bat whore arg, the lawyers, the interpreters, the professors of that real Lyceum? Perhaps they are hold. ing some very good positions in the Coimbra University; perhaps they are earning an equally respectable liveli hood by the profession of carrying a mnsket in their native country; 80, I will leave them în ponce, wishing Mr. "S." a happy return of Lyceum days.
"Mr. Hart Milner was a professor in the Lyceum." This is not a fact and a half, but alio, pure and simple. That gentleman never drank from Lyceum sources, never returned to the mother fountain, her Piorian waters. He owes most of his professional lore to some hard desk, somnowhere beyoud the China Sea, where he toiled for his life, and learned to distinguish between money and honey, between high science and an empty pocket; where he worked and settled, and where he should have remained, but for his idiosyncracy of coming out to Macao to be a sutor, or a "one-eyed King in the land of the blind."
I am at a loss to understand on what grounds opposition to the scheme of reestablishing the old. Lycenin can be justified, unless, it be that the op- -position proceeds from motives which I would rather not hint at the present moment."
It is a pity Mr. "S." did not honestly speak out. Your Macao correspon- dent is in a position which enables hitn to smile at half-baked assertions, and can well afford to treat with silent con- tempt the weak insinuations which are but a poor substitute for reasonable
arguments.
I will resume my articles on the Lyceum question at an early date.
THE P., & O. NEW DEPARTURE
THE HONGKONG TELEGRAPH-TUESDAY, NOVEMBER 15TH, 1881.
THIS DAY, ONE P.M.
There is still a good deal more talk than actual business indulged in on the Stock Exchange, consequently we have very fow transactions, and still fower changes to re- port. Business has been done in the Dock Company's stock at 29 per cent. premium, but only to à limited extent, and although there are still sellors at that price wo' fcol convinced that it would only require a very slight demand to improve the quotation. Banks, which were in request yesterday at 115, are freely offered at that price to-day without finding purchasers. We have to re- cord a few sales of China Fires at 270 per share, at which rate the shares are still on offer. Sugars are very firm at 165, but up to the present would be buyers have declined to advance upon that rate.
behind by the first tonder arrived it COMMERCIAL INTELLIGENCE. a second, and by half-past twolve o'clock the whole party of passengers and their frionde wero on the groat ship. The Romo, under the command of Captain Cates, and with Mr. T. Sutherland, chairman of the P. and O. Company, on board; had left the Albert Dook on the flood tido about ten o'clock and had steamod slowly down the river to Gravesend, where she arrived about· twenty minutes to twelve. She lay there, moored to a buoy, until all the passengers were on board. In half- an-hour all going ashore were again on one of the tenders returning to Tilbury. With waving of hands and bandkerchiefs the last adiour were made to those about to begin their long journey to the other side of the world, and bofore the ton- der ranched the Tilbury Pier, the great ship had, with the aid of two tuge, swung round, and was steaming away to the Nore. Among her passengers. -over 160 in number were Mr. Grant-Duff, Governor of Madras, Mrs. Grant-Duff, Captain Ambroso Awdry, secretary to the Governor; Dr. and Mrs. Mackenzie and their family, Col. Sir C. P. Keyes and Lady Keyes, and Colonel Crichton, on the staff of the Governor of Malta and Lady Margarot
Crichton.
FREE TRADE IN JAPAN. "A Japanese" writes to the Post on the above subject, and quotes a nam- bar of figures showing the exports and imports of Japan, specie exported, &c. The writer than states :—
"The excess of imports over exports of England's foreign trade may be de- fended, but in the case of Japan how can it be defended, øven by the clever- ost frootrader? Really a wholesale drain of national resources like this is alarming. What were the results? The Japanese Government was obliged to issue, to cover this deficit, 10 mil lions of paper money, which, becoming
gradually depreciated, beurs now only half of its original value. Of course depression of currency is not solely· owing to balance of trade, but, partly, which the limited space here forbids to some internal causes of the country,
me to discuss. Labour is dearer now compared to some fears past, but the price of commodities has doubled, hence the suffering of the people and increase of pauperism. Cotton and sugar manu. factures, which amply supplied our thirty-three millions of souls, are now nearly rained by competition of foreign articles.
SHARES.
Hongkong and Shanghai Banking Corpo
ration-113 per cent. premium, Sellers.. Union Insurance Society of Canton-$1,625
por share.
China Traders' Insurance Company--$1,575
por share. North-China Insurance Company-Tls, 1,125
per share.
The new arrangements for the em barkatian of passengers by the P, and O. Steam Navigation Company's ships in the Thames instead of at South- ampton came into operation on Oct. 5, when the Rome, a fine vessel recently added to the Company's floot, sailed from Gravesend. The actual point of
Well, if this drain of re- embarkation, to be more exact, is the terminus of the London, Tilbury, and
sources from Japan is left to a laissez- Southend Railway, opposite to Graves. faire policy, what will be the result? end, and a little higher up the river Japan's sponding power will gradually than the old fort at Tilbury, which is diminish, and her foreign trade will always associated in the mind of the begin decreasing until the amount English schoolboy with the name of of her imports lowers itself down Queen Elizabeth, and close to the to that of exports, and the decrease place chosen for the new docks of the will not stop there; it will perhaps East and West India Dock Company, diminish more. Of course this state The new arrangements worked not of things will affect foreign as well only without a hitch, but, considering as Japanese merchants in no amall that it was the trial trip, with remark-degree. Therefore, the excess of imports able smoothness. A long train, specially over exports does not always indicate engaged for the P. & 0. passengers that this nation is a creditor to other and their friends, was ready at the nations. Hence it may be concluded main line departare platform of the that if a nation imports more than she Great Eastern Company's Liverpool exports, and at the same time is in. Street Station soon after half-past ten debted to some other nation, súchastion in the morning, so that those who ought to apply some remedial measures were early were able to get comfortably in order to adjust. the balance of its seated at once. The shortness of trade. Japan is bound by treaties not the journey to the steamer, and, to levy a higher duly than 3 per cent perhaps, the novelty of the occasion, in average on foreign products cleared tempted so many friends of passengers at her ports, while her goods are sub- to take the run down to the ship that mitted to heavy duties in foreign ports. there were even more visinors than England, the champion of free-trade, passengers, between 300 and 400 first can raise annually her castoms revenue class, and about eighty second-class to the amount of £20,000,000, while
income Japan's customs
is only passengers travelling in the special train to Tilbury. By contract with the 2,000,000 yen, ie., about £400,000, railway company, the fares are fixed taking exchange at par. Japan was for P. and O. passengers at 38. 6d. obliged to try one-sided free-trade for. first-class and 2s. 6d. second-class, nearly twenty years, and it soomed as while return tickets for passenger's though it would prove fatal to her. friends are issued at 4s. 6d. first-class. existence: Universal adoption of free. The train left Liverpool Street Station trade policy is desirable; but, till then, `nt eleven o'clock punctually, and, with a great many considerations are requir only a few minutes' stoppage at Barked before any one can declare for one- ing, made an uninterrupted run to sided. Enough lias boen shown by the Tilbury in forty-five minutes. Walk-instance of my country to prove the ing at once down a covered way to the floating pier, the passengers went on board a steamer which was in waiting, - and in eight or ten minutes they were steaming out to the Rome, which lay * in the river off Gravesend. In six or eight minutes the tender was alungalde and within half an hour of the arrival of the train at Tilbury the first party were all on board the Rome. A fow minutes later those who had been lofn | fellows,
inconsistency of some of the free-trade theories which, far from being ap- plicable in general, seem to me only obstractions.
"What beautiful hair that young tady has," remarked Jones, in a half andible tone. "Yes," replied Pingrey, "but it isn't hers. ” Tis false" cried the lady, suddenly facing the rude
Yangtare Insurance Association-Tls. 830
per aliare.
Chinese Insurance Company-$300 per
sharo, sollers.
Man On Insurance Company, Limited-$25
por sharo promium.
On Thi Insurance Company, Limited-Tis.
150 per share.
Hongkong Fire Insurance Company-$906
per share, Buyers. China Fire Insurance Company-S270 per
share, Sales.. Hongkong and Whampoa Dook Company-
29 per cent, premium, Sales & Sollers. Hongkong, Canton, and Macao Steamboat
Company $24 por sharo premium. China Const Storm Navigation Company-
Ta 152 per share.
:
Hongkong Gas Company-$85 per share. Hongkong Hotel Company-$100 per share.
Sollers.
China Sugar Refining Company, Limited—
$165 per share, Buyers. China Sugar Refining Company (Debentures)
-3 per cent. premium. Hongkong Ice Company-$128 per share. Hongkong and China Bakory Company, Chinese Imperial Government' Loan of 1878
Limited-$50 per share.
-1 per cent. premium, ex interest. Chinese Imperial Government Loan of 1881
2 per cent. premium, Sellers.
EXCHANGE.
On LONDON-Bank Bills, T.T....
3/8 3/9
Bank Bills, at 30 days' sight. Bank Bills, at 4 months' sight. 3/9 Credits, at 4 months' sight........ 3/9% Documentary Bills, 4 months' aight. 3/01 On PARIS-Bank Bills, on demand...... 4,59
Credits, at 4 months' sight On BOMBAY-Baak, T.T." On CADUCTTA-Bank, T.T. OR SHANGHAI-Bank, T.T. ..
Private, 30 days' sight...
4.8
221
221
73
741
MAILS. The following thails will close:- TO-DAY, 15th November,-
For Haiphong, por Olympia, at 4.30 p.n. For Singapore, Colombo and Odessa, per Petersburg. at 3.30 p.m. For Singapore and London, per Glen- lyon, at 5 p.m. For Strails Settle=" ments, per Carisbrooke at 5 p.m. TO-MORROW, 16th November,→→
For Japan, San Francisco, the United States, Canada. Honolulu, Peru. &.. por Oceanio. at 2.30 p.m. For Naga- saki and Yokohama, per Sunda, 11.30 am. For Amoy and Manila, por Emuy, ab 4.30 p.m. For San Francisco, per Devonshire, at 4.30 p.m. For Saigon, por. Nona, at 5 p.m. For Swatow Amoy and Foo- chow, por Namoa. at p.m. For Svatov, Amoy, Tamsul, and Taiwan- foo, per Hailoong, at 4:30 pm. For Singapore, por Bongal, at 11.30 a.m THURSDAY, 17th November,
On
Oa
O
SHIPPING INTELLIGENCE.
ARRIVALS.
Nov, 14, Eury, Spanish steamer, 222... de Ortuzar, Manila 11th Nov., Gene- ral, Remedios & Co.
For Straits Settlements and Osloutts, per Suez, and Arratoon Apsar, at 2.30 p.m. For Manila, per Romulus, at 3.80 p.m. MONDAY, 21st November,- For the United Kingdom and Europe, via Naples; to Saigoo, Straits Bottle- ments, Batavia, Barmah, Ceylon, In- dia (via Madras), the Australasian` Colonies, Adon, Egypt, Malta, and. Gibraltar, por Yangtse, for printed matter at 10a.m., and letters at 11 am WEDNESDAY, 30th November For Japan. San Francisco, the United
States, Canada, Honolulú, Peru, &o.. per Oity of Tokio, at 2.30 p.m.
Nov. 14. HAMMONIA, German bark, 408, Woller, Nowchwang 5th Nov., Beans,
Siemsson & Co. Nov. 14, FERDINAND, German bark, 416,
At the Mercantile Ball-one-wall- flower" (jealous) to another wall. flower (who has just returned to her seat aftor a solitary dance with a fassil. in the Customs)—“Oh, dear -why, good gracious, how could you dance with that horrid man?” Wall flower No. 2 (waspishly)-"I don't know, my dear, how I could dance with him, but, I know how you couldn't." Acrimo. nious rejoinder drowned by the band.
Westergaard, Newchwang 2nd Nov., Beans.Wiclor & Co. Nov. 14, JOIN Porrs, British bark, 375,
'A. B. Brown, Nowohwang lat Nov.,
Beans. Ed. Schellhass & Co. Nov. 14, RODERICK HAY, British bark, 290, Nicolson, Newohwang 29th Nov., Boans. Order. Nov. 15, GLENLYON, British steamer, 1,573,
R. A. Donaldson, Foochow 13th Nov.. Tea.-Jardine, Matheson & Co. Nov. 15, PENG-CHAO-HAI, Chinese gunboat,
from Canton, Nov. 15, SAMAR, American ship, 1,110, 0. Miller, Newcastle, N.S.W., 4th Oct., Coals-Vogol & Co.
Nov. 15, HIRAN EMERY, American bark,
799, J. D. Wymar, Newcastle 20th Sept., Coal.-Order. Nov. 16, MANHEM, Swedish 3-m. schr., 463, S.P. Jansson, Newchwang 4th Nov., Boans. Siemssen & Co. Nov. 15, Cuba, British bark, 320, Stabell,
Newchwang 4th Nov., Beans.--Osp tain.
Nov. 15, OAKLANDS, British steamer, '710,
Payne, Cunton 14th Nov., General.- Butterfield & Swire,
↓
Nov. 15, CHINA. German steamer, 648, H. Schoror, Swatow 14th Nov., General. Nov. 15, CARISBROOKE, British steamer,
-Hing Kco. 960, H. Wharton, Amoy 12th Nov., and Swatow 14th, General.-Bun Him & Co.
Nov. 15, SPARTAN, American schr., 85, C. Vincent, from a cruise 9th Nov.- W. H. Ray,
1
Nov. 15, YoTTUNG, British steamer, 286, Goggin, put back.-Kwok Acheong
& Song.
DEPARTURES. Nov. 14, WELLE, German stoomer, for
A moy.
Nov, 14, KASUGAR, British steamer, for
Singapore, Bombay, &c.
Nov. 14, QHINKIANG, British steamer, for
Shanghai.
Nov. 15, DALE, British steamer, for Bang-
kok.
Nov. 15, OROP-SAI, Chinese gunboat, for
Canton.
PASSENGERS,
ARRIVED.
Per China, steamer, from Swatow, 112 Chinese.
Per Emuy, steamer, from Manila, Mr. Sawyer, and 69 Chinese,
Per Glenlyon, steamer, from Fooshow, Messrs. George Oliver, W. J. Robinson, and L. Flemming,
Per Sham Quez, from Nowcastle, Mrs. Wymar and child.
DEPARTED.
Per Chinkiang, steamer, for Shanghai, 5 Europeans and 80 Chinese.
Por Dale, steamer, for Bangkok, 82 Chinese.
4
The following passengers departed yes- terday at 4 p.m. per P. & O. steamer Kashgar:
From Hongkong for singapore.-Mrs. and Mr. G. H. Earle. For Brindisi. Mr. Soth, 2 children, and 2 nativo servants, s. E. Degenner. For Venice. Rev. J. Mo- Mrs. C. A. Peterson. From Shanghai for Cormick. For Southampton-Mr. and
Suez Mr. and Mrs. Gouverse. From Lowis. For Venice. Mr. and Mrs. Deep, Yokohama for Galle. Mr. and Mrs. G. and Mr. B. Marcus. For Southampton. Mr. and Mrs. Haffenden and 2 children, and Mr. Bellasis.
REPORTS,
The British steamer China, from Swa- tow, reports fine weather, and moderate N.E. breeze.
The British bark John Potts, from New- chwang reports:-Light breezes and fine weather to Tung-ying thones to port strong N.E. gale and rainy weather.
Newebwang, reports:-Light winds from The British bark Roderick Hay, from
south and S.E. to Barren Island, and from thence to port moderate and fresh winds from N.E. thick rainy weather..
Newchwang, roports first part of voyage light variable southerly winds from 32 North, fresh N.E. monsoon and cloudy heavy weather to port..................
The German bark Ferdinand, from
HONGKONG TEMPERATURE. (TAKEN AT MESSES. FALCONER AND CO.
REGISTER, QUEEN'S-ROAD), Hongkong, 14th & 15th November, 1881... BAROMETER-1 F.M.
.80.080. Do.
4 P.M.
80.050 THERMOMETER-1 P..
Do.
4 P.JL Do. Do.
.73. $72
ཐཱ*
1P.M. (Wet bulb)...68. 4 P.M. Do.
...69.
180.120
BAROMETER) AMS THERMOMETER-9 A
Do. ...Do.. Doi
9. A.M. (Wet Bulb)...68. Maximum. Minimum (overnight) 70,
MacEWEN FRICKEL
GENERAL STOREKEEPERS, &0.
HAVE FOR SALE.
3
Groceries.
Crosso & Blackwell's, Celebrated House- hold Stores
John Moir & Sons', Celebrated House- hold Stores.
American Stores of all descriptions. Huntley & Palmer's BISCUITS & CAKES, BUTTER, Danish & French, Philippo
& Canbud's PATES &c.,
OHUTNIES & CURRY POWDER, TEYSSONEAU'S
FRUITS in juice.
COFFEE, SUGAR; &o.. &o.
CUTLER PALMER & Co.'s CARTE Wines, Spirits, &c.
BLANCHE." HEIDIO & Co.'s MO-.
NOPOLE, pts. and qts. ADOLPHE COLLIN'S BOUZY CABINET.
MUMM'S (JULES) CHAMPAGNE
pta. and qts.
NEYON'S (BODEN) BOUZY,
pts; and qts.
EXTRA SEC, quarts. Charles Heidsiecks's WHITE SEAL, pta. and qts. VEUVE OLIQUOT PON- SARDIN, pts, and qts. Theophile Roe derer & Cola VERZENAY MOUSSEUX, pts. and qts.
Krug's CHAMPAGNE, pts, and qts. CUTLER PALMER & Co.'s CHAT- EAU MOUTON. LORMONT, pints,
and quarts. ARAUZAN (Chateau), pints and quarts, ERMITAGE LUDON. THIBŒUF (Chateau), pints and quarts. CHATEAU LAROSE (Curcier & Adet's), CHATEAU LAFITE; pints and quarts.
pints and quarts. IRES GRAVES, piats and quarts. BREAKFAST CLARET, pints & quarts, OLD INVALID CLARET. St. JULIEN, &o,, &o. Breakfast Claret.
Burgundy, Hock, Shorries, &c. Chambertin, Chablis (White), Liebfrau- milch, Hockheimer, Niersteiner Stein-
berger Cabinet... Rudesheimer Borg, Koninin Viotoria Berg Chateau Yquem, Grand Vin, Haut Sauterne Marsala, Saccone's' Pale Dry White Seal Sherry, Yellow Seal Amontilado Sherry. Cutler Palmer and Co.'s Sherry, Invalid Port (1848), Hunt's Fort.
Brandy, Whisky, Liqueurs, &c. 1, 2 and 3-star. Hennessy's Brandy, La Grande Marque Brandy, Cutler Palmer & Co.'s Brandy, Rouyer Guillet & Co.'s Brandy, 1 to 4 stars: Finest Old Bourbon Whisky, highly recommended, Kinahan's LL Irish Whisky, Jamieson's Irish Whisky, Royal Glendee Whisky; AVH,Gin, Swaine, Boord & Co.'s Old Tom
Gin: La Grande Chartreuse, Green and Yellow, Maraschino de Zara, Odraços, pints and quarts; Angostura, Boker's and Orange Bitters, 80.,
$0.
&o.,
BASS'S ALE, bottled by Cameron and Saunders, pints and quarts. GUINNESS'S STOUT, bottled by E & J. Burke, pints and quarts. PILSENEE BEER, in quarts. DRAUGHT ALE and PORTER, by
the Gallon.
"
Fine ALE, bottled by MacEwen, Frickel & Co. ALE and PORTER, in hosgheade
rated Waters. SODA WATER,
LEMONADE,
TONIC WATER,
SARSAPARILLA, &c., &o., &04.
The Finost Stocks of CIGARS, CAVITE CHEROOTS, PRINCESA CHEROOTS,
PRINCESA OIGARS, AROCEROS,
VEGUEROS, :
&D,
"PERFECTION" All Specially. EMPRESS OF INDIA, and Best NAVY, Selected.
STATIONERY, BOOKS &o. "Franklin Square" Library.
Seaside Library,
Harper's Half-hour Sorics."
Frenoh Novels...
Madioal Works, “ School Books.
Prósentation Books.
Works of reference &o. Stationery for Ladies and Office use. Direct from the manufacturers the bes.
and Cheapest in Hongkong, Special orders in this line oxented on.
very molerato terms. Papera ruled to any pattern and stamped
Plain, cameo or relief.. Dies engraved to order. Office requisites
of every description.
Milner's Fire Proof Safes, Cash and Doed
Boxes, Brushware.
Cutlery, Orookery, and Glassware. Builder's Hardware: material, Sporting Guns. Revolvers and Sporting ammunition...
Sailmaking and Rigging promptly exe
anted