ygg aslnsmber I-IA__SZARD'S GAZETTE. APRIL 12. LIGIILATIVI IIIIIABY. ABSTRACT OF Till BANK BILL, as rlsun ll rue amnxx, anti. 4. l- The Shareholders is the corporation hereby sstablishrd, and their successors. o., &c., shall be. and they are, hereby, united into a Company, and declared to be one Bod Politic and Corporate. bv ‘the same of "The resident Directors and Co y of the Bank of Prince Edward Island,” and, by that name, shall have succession and a Common Seal; arid, by that name, shall and may sue and be so , &o.. &c., c., 9. In every suit at Law or in Equity, instituted against the "said Bank, service of Process upon the Prvsidseser Caahier,or at the Ofice of the ssi-I Bank, shall be suficient to compel the said Bank to appear and plead to such suit. 3. The Capital or Joint Stock of the said Cor- porutloe shall consist of Gold and Silver coins, to the amount. in the first instance of Thirty thou- sand Pounds, , to be divided into Fifleen hundred Shares, of Twenty Pounds each ; and Teri the ottnds. or one third part of the Capital Stock which shall be subscribed for, shall be paid within Four Months from the passin this Act, and the remaining Twenty thousand Pounds shall be paid, at such time or times, after the said first payment, as shall be agreed on and appointed by the Directors of the said Bank for that purpose, thirty days previous, notice being first given in the Royal Gazette newspaper of the time and place appointed for the payment ofauch second or other future lustalments: provided that no second or other future lnstalnient shall be re- quired to be paid until at least Forty days after the payment of the said first Instalmeut of one third part: provided also tliatif the whole Capital, or oint Stock ofThirty Thousand Pounds, shall not be subscribed for, witliln the said Four Calendar Months, that it shall and may be lawful for the Shareholders of the said Bank, in any bye-law passed under the_ Authority of this Act for the time being to make such Orders, Rules and Regu- lations for the Payment of any Stock. which shall be subscribed for after that period, or for any part thereof or lnstalment thereon, and also all other Rules, Orders and Regulations respecting the Shareholders subscribing after the said I-‘our Cal- enilar Months shall have expired, as shall be just, reasonable, and proper, for putting such Share- holders an subsequently subscribing on a fair and equal footing with the Shareholders who shall have subscribed for any Stock within the said Four Calendar Months 4. If tiny shareholder shall neglect or refuse to pay all or any part of the share or eharea subscri- bed by him, and payable as herein directed. it shall be lawful for the Directors forthwith after such neglect or refusal to sell or dispose of the share or shares in the payment of which such default shall have been nitide to the best advan- tage ; and the said Directors shall thereupon. out ofthe moneys arising from the sale thereof, pay over to such Shareholder the amount actually paid in by him on such share or shares, deducting first therefrom Ten per cent. on the amount of liia said share or shares. to be retained by the Bank in lieu of all expenses incurred by such default: Provided always that if any loss eliall arise in the sale of such share or shares, no greater aum shall be paid to the said Shareholder than that at which such share or shares aha so , deducting first therefrom Ten per cent as aforesaid. 5. Whenever the business of the said Bank shall be thought to require a further and additio- nslaniouut of its Capital, it shall be lawful for the said Shareholders, at any general or special meeting to be called for that puapose, and of which due notice ofnot less than Eortydaya shall befirst given in the _ s, to increase the said Capital by the t'urther sum of y sand Pound: Currency. making the said Capital in the whole One hundred thousand rency, and no more; and] which said additional Capital may be made and added, either in gross amount, and at one time. or at two or more distinct and separate times, and in such amounts severally as shall be agreed upon at any separate an distinct trieetin s of the Shareholders as aforesaid; and all which said additional Capital shall also be divided into shares of Twenty Pounds each, and paid in Gold or Silver Coins. 6. II the said additional shares shall be sold and disposed of at public auction to the highest bidder and bidders. on such terms as the Directors shall appoint and direct; and of which said sale or sales and of the time and place thereof, public notice shall be first given in the Royal Gazette, for at least Thirty days revious to such sales: and the said shares shal not be sold in line of more than five shares each. 7. The said additional shares together with any advance or premium, at which they may be respectively sold, shall be paid into the Bank within 'rty day: next after such sale ; and the whole amount of such advance or premium, it any, firat deducting thereont the charges of such sale. shall be divided in equal proportions to and among all the shares in the Capital of the Bank. as well the additional as the original shares ; and such dividend of the said advance or premium, if any, shall, be declared and paid by the Direc- tors, at the next semi-annual dividend of the payment into the Bank of the purchase money of the said additional shares. 8. In case ofdefault of payment of any of the said shares and the advance or premium at which they may have it sold. within the time so fixed for the payment thereof, it shall be lawful for the Directors, forthwith to sell and dispose of the said shares. in the payment of which default shall have been so made, at their discretion to the best advantage, and payment thereof shall be immediately made, and any advance or premium thereon shall be divided in the manner before mentioned. 9. This Section limits the amount of Real Estate which may be held by the Corporation, to flu nds : whilst, at the time, it provides that the said Corporation may hold Real Estate, to any amounts by Mort- gage or Judgment taken as collateral security for the payment of debts due to the Corporation! Pro- vided further that the said Cor ration shall on us sccoutit lend money upon . ortgage or upon heads, or other fixed property, nor shall such purchased by the said Corporation u an prstsxt whatsoever, unless by way of additional security for Debts contracted with the said Cor- poration in the course of its dealings. to. The Directirrs shall have power to appoint such Oflcere. Clerks, and Servants. as the msgor part of theta shall think necessary for executing the business of the Corporation. and shall allow them nation for their res ctivs services. as to them shall appear ressonsti e and per; all which, together with the expenses _ot’ gdildings, house-rent, and all other contingencies shall bsdsfrayed out of the funds of the Cor- t . "ll. Not less than Iser Directors stisll csnsiltiits slleardfev the wumstioe ofbaeiesas,ofwhieli the President shall always be see, except in the case sickness, or necessary absence, in which case the Directors present may choose one of the Director and leases ofthsir being sl votes for and against any before them, the President shall have sssting vote. , to. has the President and Directors slislt be setlllsd to ssshssmpsemtisa for their respective O -s ‘1 I services, as the Stockholders and Members of the said Corporation shall eem reasonable and P per. 18. That_nc person shall be eligible as a Direc- tor unless such person is s Stockholder and hold- ing not led than Twenty-five shares: Provided always that the Stockholdsrso otherwise quali- fied,bs nota Director in any other Banking Company. M. Every Cashier and Clerk of the said Cor- poration, before he snlers upon the duties of his ofiice, shall give Bonds, with two or more aureliss, to be approved of by the Directors. in such sum as the Directors shall deem adequate tothetriiatsrea tivel reposed in them. 15. The num r of otes to which each Stock- holder shall be entitled, shall be in the following proportion: that is to say, for one share and not more than two shares, one vote: for every two shares above two shares, and not exceeding twelve, one vote, making six votes for twelve shares: for every three shares above twelve, and not exceeding thirty, one vote, making twelve votes for thirty shares; and, for every five shares sbovs thirty shares. one vote, provided that the number of fifteen votes shall be the greatest that any Stockholder shall be entitled to. 6. A Stockholders resident within this Island or elsewhere, may vote by proxy, provided that such proxy be a Stockholder, and do produce sufficient authority in writing from his Constituent or Constituents so to act: Provided that no sioclrliolder beentitled to hold more than three Proxies. H. No member of said Corporation, during one month to be accounted from and after the passing of this Act shall be entitled to hold or subscribe for more than Thirty res. . ' the whole of the said Capital Stock shall not have been subscribed within one month. so to be accounted as aforsaid, that then, and in such case, it shall be lawful for any Stockholder to increase his or her subscription to such amount as he or she shall think proper. 18. 'l'hc Directors shall fill up any vacancy that shall be occasioned in the Board by the Death. Resignation, or absence from this Island for three months of any of its Members; but in case of the removal of a Director by the took- holders for misconduct or on msladiiiinintrstiott, his place shall be filled up by the said Stuck- holders; and the person so chosen by the Direc- turn or the Stockholders shall serve until the next succeeding annual meeting of the Stock- holders. I9. The operations and business iif the Bank m.-iy cotnmence as soon as the sum of Ten thou- sand Pounds shall have been actually paid in and received on account of the Subscriptions. " shares or Capital Stock shall be assignable and transferable according to the titles and re gulatiotis that may be established in that behalf; but no assignment or transfer shall be valid or effectual. unless such assignment or transfer altall be entered and registered in a by the Directors for that purpose, nor until such person or persons so making the same shall previously discharge all debts actually due and payable tothe said Corporation; and, in no case, shall any fractional part of a share, or other than a complete share or aharea be assignable or transferable, and whenever any Stockholder shall transfer, iti man- ner aforesaid, all his Stock or shares in the said Bank to any other person or persons whatever, such Stockholder shall cease to be a Member of the Corporation. 20. The said Corporation may conduct the business of banking in all its branches, except as is or may be otherwise prohibited by this Act. and may lend money on cash accounts with per- sonal security only, and may generally deal in Bills of Exchange, Promissory Notes, Gold, or Silver Coin or Bullion, or in other the current moneys of this Island. 19. The holders of the Stock of the said Bank shall be chargeable in their private and individual capacity, and shall be.holden for the payment and redemption of all Bills which may lieve been issued by the said Corporation, and also for the payment of all Debts at any time due from the said Corporation, in proportion to the Stock they respectively hold: Provided, however, that in nocaae shall any one Stockholder be liable to pay a sum exceeding the amount of Stock actually then held by him: Provided nevertheless that nothing in this Act contained shall be corrstrtied to exempt the Joint Stock of the said Corporation from being also liable for and chargeable wit the Debts and Engagements of the same. 20. Every Bond, Bank Bill, or Bank Note, or other Instrument, by the terms or effect of wliiclt the said Corporation may be charged or held liable for the payment of money, shall specially declare. in such form as the Board of Directors shall pre- scribe that payment shall be made out of the joint funds of the said Corporation : Provided neverthe- less that nothing herein contained shall be con.- aimed to alter, change, or diminish the responsi- bilities and liabilities imposed on Stockholders in their individual capacities by the Section of this Act. 21. The total amount of the Debts (dc osits excepted) which the said Cor oration she I, at any time, owe, whether by Bon , Bill. or Note, or other Contract whatsoever, shall not exceed three times the amount of the Capital Stock actually paid in by the Stockholders; and, in case of any excess. the Directors under whose administration nnd mensgemet the same shall happen, shall be liable for such excess in their individual and pri- vate capacity. Provided always that the Lands. Tenants. Goods and Chattels of the said Corpora- tton shall also be liable for such excess. 99. The Directors shall make half-yearly Di- vidends of all profits,rsnts, premiums, and_intsrest of the said Cor oration, payable at pooh time and place as the irectors shall appoint, of which they shall give Thirty days’ notice in the Royal aette: Provided the said Directors shall not be compelled to make or declare any Dividend at an earlier period than one year from and after the passing of this Act, unless they shall think it expedient and advisable to make and declares Dividend at an earlier period . 93. The Books, Papers, Corrsspcnder_ice,aud Funds of the said Corporation shall, at all times. be guhject to the inspection of the Directors, but no Stockholder not a Director shall inspect the ac- count of any individual with the said Corpora- .- ‘H G is tion. 94. All the Bills or Notes, issued b the said Corporation shall be signed by the Pros‘ out for the time being, and countersigued and attested by the Cashier, and shall be printed and made in steel plates. and all Bills and Notes. so signed and countsrsigned shall be binding on the said Cor- iratioti. although not under their seal, which Sill or Notes shall be payable by the said Corpora- tion in Gold or Silver on demand: Notwithstand- ing any thing to the contrary contained in any Law new in force in this lsiand, it shall be law- ful for the said Corporation to melts, sign. and issue. or re-istus any Promissory Note or Notes for any sum or some of money less than Five Pounds, payable in Gold or Silver on ed. 95. In case the Oflcsrs of the and Corporation in the usual banking hours. 9! "II II” Plnlllr shall refuse or dale myment in Gold. or Silver of aeyBillorNots I ssucn ooethss ssetstl for payment, the said tarporatloe siral be so to y, on the srnouot efaeeh lot or Note is i thereof. TWIN I" 9"‘ l'‘”''' P“ annutn from the day of sttsli refusal to the time of £syrnent. . The said Cor ration shall be liable to pay to any bone fide older, the original amount of any note of the said Bank which shall have been counterfcited or altered in course of its circulation to a larger amount notwithstanding such alteration. 26. The said Bank shall be ks t and estab- lished at Charlottetown aforesai , or at such other place as the Board of Directors muy think it necessary to remove the said Bank to, on ac- count of any great emergency for the security thereof. 27. All and ever the shares in the Capital Stock of the said nk and all the profits and advantages of such shares respectively shall be deemed and considered to be of the nature of, and shall be personal eamte and transmissible as such accordingly. . The Directors shall, at the general meet- ing to be held on the first Tuesday in March in every year, lay before the Stockholders for their information an exact and particular statemeri o the amount of Debts due to and by the said Corporation, the amount of Bank Notes then in circulation, the amount of the Gold and Silver on hand, and the amount of such debts as are in their opinion bed or oubtful, also the sur- plus or rofit (if any) remaining after deduc- tion of oases and rovisions for Dividends, which statements she I be signed b the Direc- tors and attested b the Cashier, an aduplicute statement so si e and attested shall be trans- mitted to the cretary of the Island for the information of His Excellency the Lieutenant, Governor, or other Administrator of the Govern- ment for the time being an the Legislature: Pttovioun ALWAYS, that the rendering of such statement shall not extend to give any right to the Stockholders, not being Diretors, to inspect the account of any Individual or Individuals with the said Corporation. 29. Any number of Stockholders, not less than Twelve, who together shall be proprietors of Three hundred shares, shall have power, at any time, by themselves or their proxies, to call a general meeting of the Stockholders for purposes relating to the business of the said Corporation. giving at least Thirty days previous notice in the oyslGsaette, and specifying, in such notice, the time atid place of such meeting with the objects thereof; and the Directors, or any four of them. shall have the like power, at any time, upon observing the like formalities, to call a general meeting as aforesaid. 30. The Cashier, or Acting Cashier, shall, on e each and every discount day, furtiish a true list to the President or Chairitian of the said Bank of all delinquent promisers, endorsers. and surcties. made up to three o'clock on the day preceding the discount day, which list shall be called a Delinquent Sheet: and it shall be the duty ofthe President or Chairmen, on each and every dis- count day as aforesaid. to read the name or names contained in such Delinquent Sheet to the Board of Directors : and in case the names of any Direc- tor shall appear in such Delinqunit Sheet, either roiniser, endorser, or surely, it is hereby declared illegal for such Director to sit at the Board, or take anygart in the management ofthe affairs ofthe said ank during the continuance of such delinquency. 31. In the want of any Director continuing a delinquent as aforesaid or ninety consecutive days, at no one time. such continued delin- quency sha I disqualify such Director from holding his seat ; and it shall the duty of the Nc're.—'I‘his Abstract is, so far, in substance exactly as the Bill was introduced by Mr. H. Havi- i.aivn; the auicndirients made to it in Cotninittse, heiag merely the dirisoe of the int Ca ital 3|Mk of £80000, into I600 disree of£20 sec . instead of I000 shares of £80 each; the tnakin it lawful for the Corporation to increase their Ls ital or Joint Stock of Thirty thousand Pounds, ytbs farther sum of Sweaty thousand Pounds. so as to make the whole Our hundred thousand Pounds; and the providi that the general annual meeting of the rltocltholdere and Members shall be holden on the first Tuesday in March, instead of the first Tuesday JIPHL A tor the Bill had been so far proceeded with, in Committee, the hon. and learned member, the intro- ducer, r. H. HAVILAIID, s ‘ of aecerteinio the sense of the Committee, as to the expediency o melting such an addition to the Bill. I0 would enable the Government of thin Island to trans- not business with the Bank; and, should they. at any time, find it ttsceaeury so to do, to raise money upon, or obtain payment of en Bond, Iieeogniuanc Warrant of Attcrns . or other Security or Securities in the bands of tits ' ‘reasurer, or any Ofiiccr of the Government of this Island, executed or acknowledged for the payment of Duties. and for that purpose to assign or transfer the same to the President and Directors of the said Corporation. upon such reason- able terms as might be agreed upon. The question thus raised b the hon. and learned member, was duly disco ; an —ell sgreein in opinion as to the propriety of the suggeaticn—t e progress of the Bill was suspended, to iillovr the Law Clerk time to add to the Bill the clauses necessary to carry out the resolution of the House on this subject. The requi- site clauses were accordingly duly prepared, nccordin to the instructions ofthe Ilouse, and incorporated with the former part of the Bill, as prepared by the hon. and learned rneriiber, Mr. H. HAVILAIID. They are n iriere extension, in legal or statute forrri, of I e suggestion of the hon. and learned member: and further provide that, in case ofthe insolvency of any ofthe iiidtviduals whose Bonds or other Securi- ties ntny have been transferred to the said Corporation by the Government. the Government shall be liable rind responsible, to the said Corporation, for t amount of suclt Bonds or other Securities, together with all costs and charges incurred by the said Corporation, in case they shall have sued for, and failed to recover the same. The last clause ofthe Bill provides that the Act shall continue and be in force until the first day of May, which will be in the your of our Lord One thousand eight hundred and seventy-four. 8 -. -4 Ftttnar, April 7. PRIVATE PETITIONS. Petition from the Charlottetown Horticultural L y. The following Petition from the Charlotte- town Horticultural Society. preeented b the Hon. the Colonial Secretary. on the 21st arch, was again taken up and read; and a motion being made, by the lion. Mr. IIAVILAND. that the said Petition be referred to the Committee of Supply, the House divided on the question 2 Yea.r—Hon. Mr. llaviland. Hon. the Attorney General, Mr. Icl. Htivilnnd, Hon. Mr. Macaulay, Mr. Beer, Hon. Mr. Whelau, Hon. Mr. Lord, Hon. Mr. Conroy, Mr. Yen, and Hon. Mr. 5Iontgomery—l0. ay.i— Mooney, Mr. Macgowan, Mr. Muceuchen, Hon. Mr. Warburton, Mr. Mclseod, and Mr. Fraser-6 ' was carried in the afirrnative and ordered accordingly. “ To the Hon. the House of Assembly be. the. tire. The Petition of the Charlottetown Horticul- tural Society, tfully ehewetb— President and other Directors forthwith to pro- ceed in filling up the vacancy in the manner prescribed in this Act, us in the case of death or abseucs from the Island. 32 If it shall hop u, at any time, that by or in consequence 0 any losses or misfortunes, r other means whatsoever, that the Capital or Joint Stock of the said Corporation has been diminished by lossesto two-thirdaof the amount of Capital or sum subscribed, then, as soon as the same shall be known to and ascertained by the President or Board of Diretors, it shall not be lawful for the said Cot-poraton to conduct any further the business 0 banking in any of its ranc cs. 33. Upon the happening of any such losses or misfortunes as last mentioned to the extent of the said one-third of the Capital and Funds, it the vote of two-thirds in number of the or u Stoc holders in the said Compan holding at least two-thirds of the whole num r of shares in the said Corporation. it shall be lawful for the Stockholders to dissolve the said Corpora- tion, nnd to declare that the same shall cease on it day to be fixed, and therefore the said Corporation shall, on that day, cease and deter- mine. 34. On any Dissolution of the said Corpo- ration, immediate and cfiitctual measures shall be taken by the Directors then in office for closing all the concerns of the said Cor ration, and for dividing the capital and pro ts which may remain, among the Stockhol era, in pro- rtion to their respective interests : Provided always that, notwithstanding such Dissolution, it shall and may be lawful to use the said cor- porats name, style, and capacity, for the pur- pose of suits for the final settlement and liquid- ation of the afiiiirs and accounts of the said Cor ration, and for the sale and dis sisiori oft e estate, real, personal, and mix there- to belonging; but not for any other pur se, or in any other manner whatsoever, not or a period excecdin four years after such dissolu- tion; and the Directors in oflce, at the happen- ing thereof, shall, during the said four years, ' necessary, continue in Oflce, and shall char d with, and shall take electual measures for c osing the concerns of the Corporation, and dividing the remaining Capital and Profits among the Stockholders, according to their respective interests therein. 35. The shares in the Capital Stock of the said Bank shall be liable to be seized and taken in execution, and sold, in like manner with other personal pro rty: Provided always that the Slieril. or ot er Olcer, executing such Execution shall leave a cc of such Execution, certified b the Sherilor is Dsput , with the Cashier o the said Bank, and the e area in the Capihl Stock of the said Batik so be liable to such execution, shall be destned to sci in execution when such co y is left, and sale shall be made within Thl y days after such ssiaure; an on notion of a Bill of Sale from the Shsril, the Cashier of the said Bank shall transfer the number of shares sold under such Execution to the Purchaser or Purchasers thereof, and such transfer shall be valid and electual, notwithstanding there may be any Debt due to the said Bank from the once or as he be ssised Id. Provided also, that the m d Cashier shall, upon the exhibit-ug to hire of such certified copy o the Execution. be bound to give to such Sherll, or other Ollosr, a Certilcats of the number of shares in the said Qpltal Stock held by the buss in such Execution Jdgmsntbo an ad atldtbssbsrss I sntbsbtoriathd ofsnshsl sstriosptisisisrssssiiss tid sushIxs- &“t‘l.‘:'.'.l..‘.“."'i..u"'.‘. ‘.‘.?'i°.il'."’i'.'i".‘£I‘ o..n..°°"’ °.' an "Q “,1 of His Excellency, presented to the B '1‘ at this Society has been lately formed, having for its object the advancement of the science and practice of Horticulture and all its ranches, and that it is particularly anxious to romote and encourage the raising of apples an other fruits, for which the soil and climate of Prince Edward Island is well adapted, as appeared from the specimens reaeu competitionpat the Autumnal Exhibition of the Society, for the last and previous years, sotne of which were superior, and others full equal to, the descriptions of fruit now snnua ly im- rted from other countries, iusomuch that the Societ is of opinion that enough has rov to shew that if the attention of the armors in the different Counties were properly directed to the subject, and it s irit of emula- tion roused, there would. in a. on‘ years, be it suficiency of fruit grown in the Island to sup- ply the demands of the home consumption ; und, in process of time, to furnish a considerable article of expor . The funds of the Society are however, at resent but small, arising solely from the ve- lbritary subscription of persons residing in or nenr to Charlottetown, which prevents the society from holding out a sufioiency of ade- quate premiums for a consecutive number of years, so as to induce the plantin and sustain- tn of Orchards throughout the Is and. e would therefore humbly pray that your Honorable House would to grant to the Society such aid, in irrtherance of the above object, as your llouorable House shall meet 5 By order and on behalf of the Society- A. M. Gtitzna, L. A. Gauss, P. P. orteaa, . nosos, Bxrrr. Dxsueisar Cuss. Yotiivo,V.P. Cass. Si-xwaa-r. Luitsrtcs. The Petition of James Reed,Jailer. St. Eelanor’s raying remuneration for attendance on a certain lrunatic committed to Jail. was again rsadgsnd thersupon.— Resolved, That a Special Committee be ap- pointed to report, by Bill or otherwise, on all matters relating to the safe keeping of Lunatics, with power to send for persons, papers, and records. Ordered. That the Attorney General, Hon. Mr. Havilanil, Hon. Mr. Conroy, Hon. Mr. Macaulay, and Hon. Mr. Lord, do compose the said Com- mittee. Ordered, That the said Petition, together with all applications of a like nature before the House. referred to the said Cornuiittss—-to skarnins the same and report thereon. eoveanstanr Lanna. The Hon. the Colonial Secretary, by command ouss cer- tain papsre, among which was the following-— Rstimi f Gossrnivisnt Lands nisadntng in the rates. 20th March. Township No. II. gzzppropriated, gt; asrss. —- Ill! Township No. 55. atleppropriatsd. Illa —— ssia Town Lots in Georgetown, 0 Pastsrs Leta lnflsorgetowa loyalty, 3 f Town Lots in Prlneetewa, Prleestcwe Ieyslty. I0 (lee. Writers-r. lsrvsysv Gas. 6 Kasper st‘ Pleas. PM V II.” , Thu. Davies, a pointed to enquire; ing Brronr which was received, read, and agreed to ‘° Your Committee to whom was referred the Pslitioa of John, Joseph, George, and Thaiti-s Tweedy, praying that their parties may be allowed the privilege of creating 'l'wo Swinging Gates on the Road leading through their farm. which is situated at the satreine end of Gallows Point, have to report-That the information whic as been submitted to your Committee, is not of that satisfactory nature which would justify them in recommending compliance with the prayer of Pe- titioners. “ Your Committee deem it expedient that no action shall be taken in the matter, until the nature of the Petition be made known to the public ; they therefore, recommend that notice of the applica- tion ofthe petitioners, be made known through the Royal Gazette newspaper; and that the Clerk ofthis House beiustructed to forward the same for publication ; and that the matter be allowed to remain open, until the next Session of this House, then to be taken up and acts upon, as ms be thought right, provided no ohjectioiis eliall arise towards erecting the said Gates." i:it.niMtn DAVIII, At.t.ati Fitasrit. Ordered accordingly. NIW MARKET HOUII, CIIARLOTTITOWN. The Hon. the Cotmttst. Ssciiennv moved for the appointment of a Special Committee to re- port Plsns and Estimates for a new Market House, Charlottetown. The motion being agreed to it was- Ordered, That the Him. the Cot.outu. Seces- rattv, Hon. Mr. Lord, Mr. Beer. Mr. Douse, Mr. Mooney. Mr. Macgownn, and the Hon. Haviland do compose the said (Iominiiiee. R. B. IRVING, Reporter. THE EMPEROR NICHCLAS. I have just seen one of our countrymen in his return from St. Petcrsburg, which lo left along with it large number of English about a fortnight since. He contradicts the rumour tlint Nicholas is nddicted to his bottle, but attributes his condtict to fanati- cism. It is qtiitc understood at St. Peters- burg that the Emperor is it fiitulist, and believes his destiny requires the accomplish- merit ofn great work, which he is to fulfil by undertaking this enterprise. Urged on by this superstition, no argument can induce him to restrain his impctuosity. He brnvr-s all consequences, in the faith that fate is on his side, and will vindicate his wisdom in trusting her decrees. The Russian nobility ure gloomy and dissatisfied. Tlieir rents are no longer well paid, rind will not again be paid as heretofore till peace is resumed, the customers on whom the peasantry cliiefly depend being now their eiieniien. This spreads discontent among both classes, and renders it very probable that Nicholas may, ere long, become the victim of his own folly by the assassin’s dagger. It seems that the Crown Prince and heir ap- parent is at direct variance with his father on the question ofwar, as well as on many others. He has adopted liberal views, and desires to see the eople advancing in knowledge and intelligence, while the reign- ing monarch secks rather to repress their aspirations. A remarkable exatnple of the difference between father and son occurred in l85l. The Emperor had declined to allow his nobility the privilege oftravelling to London to witness the great exhibition, ut no sooner had he left his capital to take a. distant journey, giving the temporary government into his son's hands, then pass- porte were obtained from the latter by all who applied for them. This proceeding produced it serious misunderstanding for a. while, the Emperor declaring that his son was taking the sure way to make his sub- jects revolutioniets, by permitting them in numbers to mingle with the VVt-stern nations. My informant assures me that it is quite believed in the Russian capital that there will be no collision between the fleets in the open sea, because the Russians will remain fast under cover of the walls of Sebastopol and Cronstndt, which are both nearly impr-cgnable, and that their reliance wil c on operations by land. The accu- mulated forces of the Russians are rapidly investing Kalafut, and every dny may brin accounts of some decided movement. T they succeed in gaining this ost, passing the Danube and seizing on iddin, they will then be on the highway to Adrianople, the Balkan presenting a less formidable barrier in that direction than at any other point, and offering them no very serious obstacle, It is therefore to be hoped that the Turks me have strength to hold their own till their eatern allies can reach the field. Then will come the tug of war. Surely it ought to be our earnest prayer that this awful threatening of bloodshed and desolation mu pass over without the serious consequences we dread. A Cotttotis Ctntvivst. or Coatrantsor.—— star is, in many oints of view, a sin- ular reflection of periodical literature, which we were not aware of before we had looked into it. For instance, it comes out in sheets, and when a unfli- cient quantity is issued, it is collected into vo ums; ut how many sheets of water make a volume, we cannot say. The frost will bind a volume of water in a variety of ways, end it is astonishing the number of volumes every year that are “bound in Russia;’ and there is this further resem- blance between literature and water, that, send them up by any high pressure you please, they are both physically sure, after a short time, to find their own level-—Lob-- don Punch. The aggregate value of boots and shoes manufactured in Massachusetts on- nuelly is Q3‘l,000,000. The town of Linn produces five millions of pairs of shoes annually. One firm in Boston recently made .l50.000 during three days, by speculg- lion in floor. In a Dyer’s shop window in Sheflield iss placard with this inscription "Satire easrs. Tweedy, of list Dysd tllere.”