The Press. — London, England, 1857-11-28 00:00:00

... r , cimingemp l iii , • . . g . ''... ~.r '1 o• 17, r s l 1, , . . . / • ' . ' ft J:' . .• 1 *... : .- r 1 , ul '1,.... . : 16 2 1 1 4 . . • ' ' • -u:.)•):) lor r . .., ~ ....r crvoiii , i 'el i;,:i ~ ! . .1 . 16 . -,, 11,::,,,61":t ... IP; 4,1 ,;•,.i q 's w. f.) rt li;s ~ :Lii.i ff. • N0.239.—V0L.V. LONDON, SATURDAY, NOVEMBER 28, 1857. STAMPED .... SIXFIVEPE NCPENCE. lINSTAMPEDE tte Vrtss. ginning with the engagement at Bolund shuher, going on to the capture of Malaghur, following that by the victory at Allyghur, and crowning all by the rout of the whole rebel army at Agra, with the loss of all their camp equipage, treasure, and guns. We only hope that neither sickness nor the bullet will interrupt the career of this gallant solder, who if he lives is destined to be as great an honour to his profession in the highest grades of it as he has always been in ishose which he has hitherto filled. It is impossible to say more of one who has long been known as one of the finest officers in the service of the Queen. But what we believe will give more life and heart to the nation than even these victories, thrilling as they are, is a statement that has not been transmitted to us from India, but has emanated from Printing-house-square. This is, that the Ministers early in the ensuing session are about to bring forward a measure for the abolition of the Company and the transfer of the whole government of India to the Crown. This was in substance the prop°. sition of the Conservative leader in the Commons in his speech of July last ; and it has always been advocated by this Journal from its first establishment. It might have been wiser in the Ministers to accept at the outset a position which they have been com pelled to adopt at last ; but we are not dis posed to twit those who come round to our opinions with the hostility they have exhibited to them in former times. The party politician might feel angry that others should reap where he has sown ; but the journalist and the states man will be content to see their principles triumph, and feel, the glory all the greater that they are eventually given effect to by hostile hands. For however gratifying the pleasure of carrying through in office a measure originated by oneself, far more conspicuous is the honour of seeing its enforced adoption by the Ministers by whom it has been hitherto opposed. Such are the feelings with which we view the spectacle of Lord PAL MERSTON and his official organs turning round and announcing the destruction of that Com pany which he gave a peerage to MACAULAY to defend ; whose sins he has so much shared, from the Affghan war which he created to the fatal seizure of Oude ; and on whose admirable, and paternal, and beneficent Government he but a few short weeks since so fondly dwelt vants, the highest-minded of the Crown's-411 fell alike under their displeasure, were objects of their hatred, and paid them back in return by their contempt. In fact, the best argument the friends of the Directors now produce for them is that they have always been a drag chain upon the Government abroad. Sordid mediocrity has ever been their character, till at last even by the Hindoos themselves they are despised. To maintain such a body longer would have been an insult to the nation, and they will properly be swept away. Then can we face the Indian revolt as a united pc: for then we shall be striving, not for a of government that is hateful and absurd, but for our Sovereign's royal right and crown. Then it will be no longer India for the Civil Service, but India for the English ; and, from the banks of the Thames to the banks of the Ganges, all who really desire the advancement of the country will rally to the cry. Then shall we be able calmly to approach the ques tion of India's future, the main point of dif• ferenee regarding it being removed. Then may we hope not only to crush the rebellion which rages there, and bring back peace to her shores, but we shall be able to do that without which success would afford little joy to us—to heal the divisions of our fellow countrymen, and restore loyalty and sena donee among those of our fellow-subjects who are of our own colour and blood. LONDON, SATURDAY, NOVEMBER 28, 1857. Tus telegrams this week concerning India are rather more difficult of comprehension than usual, and even when intelligible they have ceased to be reliable as accurate summaries of the Indian news. It will be necessary to wait, therefore, for more detailed information before we can judge correctly of the present state of things in India. For instance, it will make an immense difference to us whether the Main rajah of Oralius is meant to stand for the Maharajah of Gwalior or the Rajah of Orai ; whether the people of Ahepursaub, on whose feelings the protracted nature of the contest is beginning to tell, are the people of the Pun jaub;, and to what extent the reports are reli able of threatened disturbances at Hydrabad. In short, whether we are to have rebellions in SCINDIA'S country, the Punjaub, and the Nizam's country to quell, in addition to our new enemy, MALIN SINGH, and the balance of the sepoy mutineers. It would also be satisfac tory to know how much of the revenue has been paid up in the Meerat districts. Scarcely enough, we suspect, to make it of sufficient importance to find place in the Foreign-office telegraphic despatch. One point we see men tioned which confirms what we stated lately regarding the urgent want of transport in Bengal. A couple of ships have been sent to Rangoon to bring elephants ; and it is need less to observe how hard pressed they must be for carriage when they are compelled to resort to such shifts as these. We further see that the mutinous spirit in the army has not yet been subdued, for news of fresh out breaks and murdering of officers has been brought by the present mail. But though in regard to many points the telegrams leave us doubtful, there is one on which they are explicit enough, and that is a point that will bring joy to every heart. It is the account of the series of glorious victories achieved by Colonel GREATHED, the news of which is all the more acceptable because the previous letters from Delhi did not warrant our expecting that he would be in force suffi cient to perform such acts. Nor do we think that under the general run of commanders such a series of exploits could have been looked for by any man. But Colonel GREATHED is a soldier of no common order. Vigorous, active, in the prime of manhood, a bold rider, and an excellent shot—one of the very best officers in one of the very best regi ments in her Majesty's service—the Bth, the who know him must have felt that he wanted nothing but what the soldier so often sig hs for in vain, a fitting opportunity, to show himself a worthy successor of the old heroes of England who have won for them selves and their country immortal fame. It would be difficult anywhere to instance a more dashing and more brilliant series of opera tions than those by Colonel GREATHND , be- LATEST EDITION. THE COMMERCIAL CRISIS NOT A QUESTION OF CURRENCY. THE last half-year has been crowded with political lessons to the English people on sub jects with which they have little familiarity, and yet the greatest need of familiarity. Little as we knew of the great dependency of which our thoughts have recently been so full, there was perhaps one, and only one, branch of domestic politics on which we have in general been even more ignorant and more inaccessible to intelligent thought than the subject of India itself, and that branch is the relation of exchange to the great instrument of exchange. All sorts of dreams of the imaginary power of a circu lating medium over the transactions in which a circulating medium is used have, at fixed in tervals, overflowed the English press, and yet there is probably no subject on which sensible and thinking men are more completely the victims of any fanatical theorists we can In itself, however, the proposal is an excellent one, an I the Old Lady of Leaden hall-street will die unwept and unpitied by all. It has been the fashion to say that the Com. pany won for us India, but that is not the fact. India has been won for us in spite of the Com pany, by Crown appointed governors, by Crown-appointed generals, and, for the most part, by the soldiers of the Royal army, who have borne the brunt of every battle from the earliest period to the present. Those, members, too, of the Company's ser vice] who have most distinguished themselves have not in general been the Directors' pro tégés. They have been unf►iended men selected by the Governor-General for the offices in which they have made their name All that has been done by the Company has been to thwart, and try and drive from office, every leading public functionary in India who has been opposed to their monopolies, their nepotism, and their jobs. WELLESLEY, and ELLENBOROUGH, and N kPLEB, and METCALFE, and Ross—the most liberal of their own ser- let us say fanatical scarcely call empirics—who choose gandists of some tyrannical mercial ills. On all sides some new panacea for avoiding with the mere medium of cial evils which lie deep determining the producti , productive, investment of And now Parliament is summoned extraordinary session in the Bank of England for a and urgent as we hold it to monly supposed to have far more causta con• nection with our commercial embarrassment to become props- ,cal specific for con- I we are pressed , riding by le: 11' distribution,r . in the mod/. i t ive, or too !.4" accum tfr immoned tordi• " ' * order to i a step whieltit • N to have been, is com- e'.lP in% "IV% MYOld PM'S.