The Sun. — London, England, 1858-02-23 00:00:00

THE SAN LONDON TUESDAY EVENING, FEBRUARY 23, 185 S Total £2,829,024 Now the gross revenue, as I before said, is 29,000,000/., and the net income may be taken at 23,000,0001., so that the annual charge fir the public debt of India, as it stood in 1856, amounts to about one-eighth of the net revenue, whereas the annual charge for the debt of the United Kingdom is about 28,500,000/., or newly one half its ordinary revenue. The committee, therefore, cannot fail to perceive that the debt of India is compara tively light when taken in connection with the revenue which she yields. The statement which I have just made will, I trust, lead the committee to arrive at the conclusion that when the existing revolt in India has been quelled, and the country restored to its ordinary condition, the credit of the Indian Government will be in a position to sustain the loan which I now propose. Let us just see what is the present state of the credit of that Government. Oa 6th Oct., 185 d, t he Com p an y ' s Four per Cents. were worth in the Indian market 1031 or 103;. That was before the public works loan was negotiated, Upon 29:11Jan., 1857, just previous to the mutiny, the 5 per Cents. were 99, and the 4 per Cents. 30, at which price the Indian Glvernment could borrow at the rate of 5 per cent. If, however, you compare its credit with that of most of the continental nat'ons, you will find the comparison to be not very disadvanta geous to the Government of India. The French Three per Cents., for instance, were as lately low as 69, and very many continental governmea—tefinthemselves unable to borrow upon more advantage o us t erms than 4 2-7ths per cent. The ordinl%reYrit ainnd interest of money in India is 10 and ever. 12 per cent., cent, i i B t the Indiaa Go vernment can borrow at 5 pe B ible to contend that their credit is. bed: er I think, Pte°s't of the soundness c f that crud t can, I thi n k , tak than the value of its bonds in the Lond on markete. Those bonds are at 4 per cent., and are now a t about 255. premium. Exchequer - bills are at a rate of interest which. is equivalent to 3/. 16s. per cent., and are at about 2/. premium. If the committee will compare the two scales of credit, they cannot fail to perceive that the superiority of the Imperial credit over that of the Government of India is nothing very remarkable. (hear, hear.) I therefore entertain no reasonable doubt as to its being able to negotiat e its bonds upon fair terms, nor, in my opinion, is there any good ground for calling up on Vie English Exch equer to give a guarantee for those bonds. It hashitherto be en th e great boast of the Indian Govern. ment that they have b een enabled to defray all theerenx.- pauses connected with their administration; but it cannot with justice bo denied that they have always enjoyed the advantage of being hacked up by the resources of this country. The number of troops sent out to India La, been much larger than usual, but the pay and provisiee. jog of those troops is provided for from the Indian exchequer. It has been usual for ma n y ye ar s for all a and to some extent the naval expenses military elPe n ' e ", c u h e e s t revenues o n was time to L br d e for the defence of ld of India, of India. In the p N a o id rt o h u t t h o e f ues of India. The East India mooted whether the British Government had not a claim to the territorial reve t n h ir rig ht to them, while, on the other hand, • tained that whatever Company matihnetalinmapderiael Government contended, and has always consistently main the Crown. A compromise, territory might he acquired b British subjects, it was acquired only as tenants to nd ora however, was effected by the i m p osition of what f was called a tribute upon the East India Company, series of years that tribute was paid into the British Ex ; chequer. Sub , equently, however, the arrangement wa altered and the Company was required to pay over the surplus revenues, but no surplus ever came, and at last the bargain was abandoned. But it has always been held that if the East India Company contributed nothing to the revenues of this country they should be independent of all aid from the Imperial Exchequer. There have been loans from the Government to the East India Company, but I am not aware that there has been any grant of public money from the British Exchequer to the Company. I can sea no ground for departing from that invariable practice, and I hope the committee will agree that this bill is founded upon a just principle, and that, should it be passed, the East India Company will have no difficulty in raising money as they may require it for the wants of India. The Company, I must observe, do not contemplate an immediate call upon the money market for so large an amount of loan as the bill men tions. If they raise two or three millions within the next six months, that is quite as much as they are likely to require, but as circumstances arise they will take a million or so in order to defray current expenses in India, and therefore it is that so wide a margin has been taken in the bill. Every one will see that it would not be a suffi cient justification for calling Parliament together next October or November simply because a bill was necessary to enable the East India Company to borrow another million. While upon the one hand there is nothing in this bill which is likely to bring any prospective charge upon the British Exchequer, upon the other hand it provides the means for raising money at the least prac ticable cost to the taxpayers of India. It is adz:lY tted there is a real want of money. Then, what is to be done ! Has anybody anything better to propose ! It is clear the current revenues of the East Indi4 Company are in the present conjuncture insufficient ta meet their expenditure, and the question which these facts raise is whether they can borrow sufficient funds in India. I understand the Indian loans do not fill as rapidly as would be necessary to enable the wants of the present year to be met by that means. What course, then, could the East Isdia Company adopt bat to borrow the money in London ? If you will not permit that there only remains the question whether the British Exche quera should supply any deficiency. p E pe e a a r l s ly to th m e reeatsoobne able and proper course to pu rs ue so obvious in the present necessarily embarrassed state of the Indian finances that I cannot but believe the committee will he satisfied with the explanations I have yen. - Mr. T. BARING regretted ',la'. tha right hop. gen. tleman had thought it necessary to make such a long speech in the present state of the house. The right hon. gentleman had challenged opinions upon three points of the state of Indian finance—on the power of the India Company to borrow money, and to what exteni - , and whether there was any claim upon the honour and liberality of this nation to support the Company, in order to enable them to meet their engagements. He (kir. Baring) was not one of those who thought so badly of Indian finance. The right hon. gentleman said the Company could always borrow money in London. If that was so he (Mr. Baring) should like to hear him and the Chairman of the East India Company state why hey did not borrow on as good terms last autumn — shear, hear)—and why the right hon. gentleman did no raise the rate upon India Bends so as to place them on the same footing as the most favoured railway shared. He thought the reason was plain ; it was because the right hon. gentleman thought that would interfere with his own Exchequer Bills. It seemed to him (Hr. Bar ing), looking at the state of the house, and knowing the state of the Government, that it was most objectionable to give power to borrow 8,000,000/. when there was only 6,000,0001. wanted, and giving that power to they knew not whom. (dear, hear.) They knew there was to be a council, but that was all they knew, and therefore he repeated it was objectionable to give a power to borrow 8,000,000/., when not more than 6,000,0001. were required. ( H ear, hear.) Much had been said regarding our liability from Indian debt, but this lee would remark, that he hoped so long as England retained the possession of our Indian empire it never would repudiate such obligations. He maintained we were bound to keep the Indian finances in order so long as we assumed the responsibility of administering them. The late Sir R. Peelhad observed that there was no direct connection between the finances of India and of this country, but that we were bound to keep those finances in a state of regularity ; and that to say there was no connection between Indian finances and the finances of this country, was to take a merely superficial view, and that any serious disorder in Indian finance would be felt generally throughout this country. The hon. gentleman also quoted the opinion of Sir C. Wood, spoken on June 3, 1853, to the same effect. For the British Government to say that it had nothing to do with Indian finance, as the right hon. gentleman the Chancellor o' the Exchequer seemed to say, was in effect to cause the Government of India to borrow at the highest pos-ible rate of interest, He apologised to the house for so long trespassing on them, but the Chancel for of the Exchequer had most unexpectedly made a long speech, much of which he felt called for his marked dissent. The CHANCELLOR of the EXCHEQUER ex plained. The hon. gentleman who had just sat down had not fairly represented what he said. He did not say the British Crown might be indifferent to the pos session of India, but that he entertained serious doubts as to the value of India to this country. He repeated that the exchequer of England derived no advantage from India, but he admitted fully that we were bound to ob serve all our engagements with ; the native princes. Sir H. WILLOUGHBY al-o explained. He hoped the house would see what the state of thelndian revenue was before it permitted a fresh debt to be contracted. Sir F. BARING regretted- that the right hon. gen tleman the Chancellor of the Exchequer had brought this great subject before the committee, but he suppoJed his right hon. friend thought that as Chancellor of the Ex chequer he would not have another opportunil of doing so. He (Sir F. Baring) adhered to his former views regarding the responsibility of this country for Indian loans. He wished the loan to be no more than 8,000,000/. Mr. WILLIAMS did not see what connection there was between an Indian loan and the taxation of this country. Ho hoped never to see the views of the hon. gentleman the member for Huntingdon adopted here. Mr. V. SMITH did not desire to raise a large question concerning Indian finance, but if such a question was raised the blame was attributable to the hon. gentleman the member for Evesham. He did not see why India should not be at liberty to borrow as well as any of our colonies. Mr. CRAWFORD said the imperial revenues were answerable for the capable stock of the East India Company. The CHANCELLOR of the EXCHEQUER denied that this was so. Mr. AYRTON gave his opinion of the nature of the guarantee. He trusted the right hon. gentleman would not press the bill through committee, considering that there was no responsible Government. The CHANCELLOR of the EXCHEQUER defended the form in which the bill was drawn, and said that neither in law nor equity would the imperial revenues be made answerable for the liabilities of the Indian exchequer. After a short discussion, Mr. MANGLES said that it was necessary the Com pany should be supplied with funds to go on ; if the bill were not passed through committee that night, it would probably be delayed until after Easter, and the Company would be without the necessary funds. The committee then proceeded to the consideration of the clauses. Upon clause 1, Mr. LINDSAY said that he understood from the Chancellor of the Exchequer that only two or three millions would be required for the next six months ; he would therefore propose as an amendment to the clause that the 3UM of 8,000,0001. be reduced to 2,000,0001. : that sum would probably be sufficient for the next three months ; and after that period Parliament would pro bebly know in what situation the Company would be placed. Mr. MANGLES said that the very small sum pro posed would be totally inadequate to meet the emer gencies of India. The CHANCELLOR of the EXCHEQUER hoped the amendment would not be pressed. The hon. gen tleman was confounding two things which were quite distinct—namely, the way of borrowing for the Imperial Government, and the way of borrowing for the East India Company. All that this bill would give the com pany was the power of borrowing to a certain extent up to April, 1853 ; but the company would probably not take up more than two or three millions immediately. The first clause was then agreed to. After a short discussion, Mr. CRAWFORD asked whether the stock to be issued under the bill would have priority over any other Iridian stock ? The CHANCELLOR of the EXCHEQUER said it would have no preference. The remaining clauses were then agreed to, and the bill was reported to the house. The other orders were adjourned until Friday next. GENERAL BOARD OF HEALTH. Mr. COWPER obtained leave to bring in a bill to confirm a provisional order of the General Board of Health, for the application of the Public Health Act to the district of Skipton, in the West Riding of the county of York. ABSTRACTION OF INCOME TAX RETURNS. On the motion of Mr. CRAWFORD an address was agreed to, for copies of all correspondence which has taken place upon the subject of the abstraction of income Frid t a x T returns e i n a t d h i e , u C r i n t y e d o f a th alhalf an next. can Lond on. past nine o'clock until __ Mr. C o l ville paired ii; ---- tavour of Mr. M. Gibson's resanti on and against the second reading of the Con spiracy Bill with the Hon. W. B. Portman. --------- - -- DREADFUL OCCURRENCE—MURDER AT FARNBOROUGH. —Oa Saturday night last an occurrence of a very appal ling nature took place at the village of Cove, near Farn borough, in which a young man named John Rummay lost his life. It appeared that on Saturday a number of y,th. g too! try fellowr, of the agricultural clefs, attended a club meeting in Cove, atter which they a:loomed to the Plough Inn, to have some refreshment. About 12 o'clock a quatrel arose between two of them, named John Rummay and William Goddard, and they got to blows, after fighting some little time the latter drew forth a knife, and not only stabbed, but ripped up the abdomen of his unfortunate opponent. The bystanders were perfectly horrified on perceiving the entrails of the unfortunate Rummay protruding through the wound, and they, without delay, removed him to the Plough i nn, and he received a medical gentleman was at once sent for, that to prolong.e, ;and ex h t i e s n i t ife of w t a h s e frightful injorits beyond all human suffering the most unfortunate fellow, who was about was the iutenBB ag°nY' died at three o'clock on Sunday . Such, however, 20 years 0 f ale, the fatal after morn ing. in the Soon after d acted as secon aid. He never th r e alii a en who ha olice d two ill ed to Le p , Goddard an h ded and convey of npre en coroner s wound had been inflicted, the fi g ht were gr to await the station at (Milan)) inquest. result ROYAL SURREY THEATRE. Lessees, Messrs. Shepherd and Crnswick. THIS EVENING, will be performed an original English Play, RIGHT AND WRONG. To conclude with PERILS BY LAND AND WAVE Messrs. Shepherd, Potter, Widdicomb, &c. riANTERBURY HALL, Westminster-road.- 1 .....) OPEN EVERY EVENING.—The follow 1g company of Vocalists aro engaged for the performance of S dections from all the popular OPERAS, MADRIGALS, CHORUSES, GLEES, DUETS, ezc., viz. :—Miss Russell, Sirs. Badzey, Madlle. Marietta, Miss Brunel', Miss Ray, Madame Bartoletti, Miss Montagne, and Madame Marietta ; Herr F. Jonghmans, Mr. Henshaw, S. Jones, J. Barker, W. Melling, Senor Antonio, E. L. Hime, Mr. Badgey, Mr. Edwards, Mr. Bell, and Mr. Bernard ; Messrs. T. Maclagan, W. I. CritchEeld and E. Mackney. Piano forte, Mr. Cecil Hicks ; harmouinm, Master Williams ; Director, Herr F. Jonghmans. Commence at Seven o'clock precisely. Suppers, dza., until twelve o'clock. Mr. AUGUSTUS BRAHAM will appear every Evening. HIGH WATER AT LONDON BRIDGE. i'aus Day—Morn., 52 rain. aft. S —Even., 41 rain aft. 9 To-Moratow —Morn. 32 rain. aft.lo--Even. 25 min. aft.ll ALE WEATHER—SUN OFFICE', FEBlttrAla 23. THERMOMETER, IN THE SHADE. 42---highest since noon yesterday. 37—lowest this morning and during the night. 41. —this day at noon. BAROMETER, 29.68. WIND, Easterly; fresh, cold and dull weather. t •ItAC% -Mime r 4.f I I T I N ‘C or procrastination. A Fabian policy cannot and will not be tolerated. The first interrogatory to be exhibited to the new leader of the House of Commons, whoever he may be, will relate to that ail-important topic, and should he refuse to re turn a clear, distinct, and unequivocal answer, a trial of strength may fairly be demanded. This rough lesson will teach the new Government that the popular will must be respected, and that it can neither be shelved nor shuffled over for an indefinite period. Lord PALMZRSTON, in office, has maintained Ms Tory predilections. Ho would yield not a single point so long as he was surrounded by an obedient majority, ready to back, per pas QUI tiyas, any opinion promulgated by the dispenser of " the loaves and fishes." He may now be prepared to take a more correct view of his situation, and to speak out more plainly than he has hitherto done. His future position, nay more his reputation as a Statesman, will mainly depend on the course pur sued during the present week. Should he be found wanting, Lord JOHN RUSSELL will be avail able after all, the author of the modern Magna Charia, has many claims on our sympathies. As we statod the other day, his speech and vote on the Conspiracy Bill have gone far to redeem former errors, and wo are receiving adequate pledges of repentance and reformation ready to condone all grievances, and to work harmoniously with our old driver, albeit ho did continue "to upset the coach" on more than 0110 occasion. The few days for which the 'louse has been adjourned are pregnant with important results. On what may occur within that brief period will depend the future prospects of the competitors for the Premiership; and rival - parties—Whige, Tories, Radicals, and Independents —will all be weighed in the balance. The winner—whoever he may be—must make a handsome offer, and whatever it may be, it is tolerably certain that it will be exceeded. There is a time-honoured apophthegm that tells us that " When (Statesmen, we suppose, should supply the hiatus) honest men come by their own." We hope that it will be verified on the present occa sion, and that the people of Great Britain will profit by the changes l oom i ng i n t h e f u t ure , an d which will rapidly succeed each other. It is surely very frightful that there should actually be found amongst us earnest, and even enthusiastic advocates of the ruffianly Sepoy Muti neers. It is frightful that it should be so, but it cannot be said to be unparalleled. There have been (Allier, and yet more astounding instances of judgments so warped, of ardour so distraught that, in periods of great popular excitement, and in vindication of abstract principles of political morality—champions have appeared, ready, not merely to extenuate, but even to eulogize, and incredible though it may sound, absolutely to deify the enormous national delinquents. Nay, not simply enormous national delinquents, but systematic outragers of all the dictates of our com mon humanity. There was MARAT, the "Friend of the People," one of the most atrocious monsters of all the many gigantic miscreants of the Great French Revolution. No sooner was this wretched creature dead in his bath—struck to the heart by the dagger of CHARLOTTE CORDA.Y, the " Angel of Assassination "—than the squalid buffoon was raised into a Divinity. The Convention solemnly decreed him to be a God. The worship of MARAT became an organiz,d Institution. Prayers were offered up to his divine nature I On the morrow ' of his murder the populace hung garlands at his door. His bust was inaugurated in the chamber of the popular Amerubly. His miserable body was embalmed. He was buried in the Pantheon with the pomps and splendours of au apotheosis. It was proposed by some of his worshippers tha his body should be carried, as a holy and conse- crated relic, through the departments to the very limits of the world ; and by others that au empty tomb should be erected to him under every tree of liberty, as an altar for his adoration. These things are not poet scra w l e d upon the drivellings of some mad the walls of his dungeon, and there read with a shudder of pity by some casual visitor of Bedlam. They are the actual records of Modern History— events, comparatively speaking, of yesterday_ occurrences within the remembrance, nay, even contemporary with the advanced manhood of our grandfathers. Afterwards—very little more than a twelvemonth afterwards—another violation of all the laws of humanity, kindred by his acts if not by his doctrines with the execrable MAR.AT, was treated with divine hon ours, not simply after his dissolution, but ab solute ly during his very lifetime. Witness this the homage paid by ; C ATHERINE THEOS, and Dom GERI and their deluded disciples, to MaxattLlAN D AWEESPIEREB. These, however, only obe y e d , it is true, the wrote--" He v op i uf r t t yr u ihi a io l m - dictatems. in d of the t place he of Onceob GOD. He d es i re d toj LAMARTINE object of th e i r reverence. elf be the exterminating and creative genius of the Revolution. H e forgot that if any man thus made a deity of himself, there could only remain cne man upon the globe at the end of the world, and that the last man would be the assassin of all the others 1" It be surpri s i ng, there fore, remembering these things, that there should be found amongst us no wa days apologists, cham pions, even eulogist s, of the ruffianly Sepoy Mutineers. c an hardly It merely isi a m a cin r g e , thatlamentable,however, than th a t, to our thinking, should ac t ua ll y b e not wore a t eo fir tiiele e Sepoys, but depredators t and vilifiers of their heroic antagonists, our own gallant and dauntless countrymen. Nevertheless, so it has absolutely come to pass. Tho bravest of our soldiers in India have had their valiant, actions depreciated, have been themselves_ madly vilified —vilified almost, be it said, in the language of execration. NEILL has been scouted for his deeds I at Cawnpore—though one would have thought that the daring soldier might have been permitted to lie uuscoffud at in his heroic grave, if only in consideration of that awful " well" choked up with the mangled remains of English women and English children. W ILLOU GHBY has been tra duced fur an act of unsurpasse d a udacity and self , sacrifice, the orderi ng o f t h e ma t c h to be applied to the magazine of gunpow d er a t Delhi —though he knew that the expl os i on f r i g htf u lly jeopardised his own life—and the explosion in reality did so fearfully mutilate him that ho died not long afterwards. The daring captors of Delhi again have been assailed, as men dishonoured—because forsooth the princes who had been at the head of that, fiendish ruvolt and saturnalia received at last the punishment their infamous career had ao richly merited ! Again, we say, it is very lament able that there are Englishmen who could speak thus in abhorrence of our own glorious soldiers at the same time that they extenuate the conduct of the wretches who have so notoriously and so foully outraged humanity, in the wanton ven and ova innocent children. geance wreaked by them on our he l p less women DUBLIN, Monday.—The trial of Father Ryan bas been ra nes o s n iii th a e lle a g p a d P a o r . i 'a t p . ou A ed in ti a ll t : r e ia x i t yi te i r t Attorney -G enera l commuted. epdlictttioenaobfsethnet.deTfebn; Vrii]ST NEW 1 L FRANCE. PARIS, TUESDAY EVENING. It is certain that the result of the division on the second reading of the " Conspiracy to Murder Bill" has been received in official quarters bete with great surprise and still greater regret. On the public generally the impression is deep and pain ful, yet among the better classes may be found per sons whose attachment to the Imperial Govern ment does not prevent them from admitting that the event will not be without its use, and that it will teach people more discretion and moderation in future. To diminish as much as possible tho effect on the public mind the Ministerial papers are recoin mended to be moderate in their language, and to avoid everything which might a,l.d to the prevail ing irritation. The Emperor yesterday gave a private audience to Count de Hatzfeldt, the Prussian Envoy, who delivered a letter from his Sovereign announcing the marriage of Prince Frederick William of Pru , sia with the Princess Royal of England. As Prince Napoleon was going to the Tuileries two days hack, his horse slipped and fell in such a way that the Prince's leg was somewhat crushed. Fortunately, the limb was not broken, but the Prince was co injured that he is confined to his chamber. BOURSE, Feb. 22.—The market became more buoyant towards the close, from a roport that Lord Palmerston's Cabinet was t) be re-organised, and prices left off as per Cents Do. end month 95 50 Credit Foncier Belgian 4 Pieduiontese (5) Roman . . Austrian -- Spanish Threes i'Dome Debt — ..... 69 40 Do. end mouth 69 45 Bank Sia , tres ?,100 Credit Mobilier 860 Do. Account 865 —1 RAW Orleans Northern'' 9is New Ditto 795 Lyon and Mediteran. 84n New Ditto .. 822 Genera Midi Western Strasburg Grand Central Sardinian Austrian DESPATCH' FROM HER MAJ4,6TY'S AMBASSADOR AT PABIS. EARL COWLEY TO THE EARL OF CLARENDON. (Received Feb. 21.) PARIS, FEB. 20, 1858. My Lord, —Having learnt by telegraph that cer tain resolutions imputing blame to her Majesty's Government for not having made any reply to Count Walewski's despatch to Count Perigny., dated the 20th of January, had been affirmed by a majority of the House of Commons, I think it a duty to your lordships to place on record, that altho ughl have not been charged to make any official communication to the French Government in answer to that despatch, I have been enabled, by your lordship's private instructions, to place before the French Govern ment the sentiments, views, and intentions of her Majesty's Government far more fully, and I cannot but believe more satisfactorily, than would have been the case had my language been clothed in a more official garb. When Count Walewski's despatch was written, the irritation against the supposed apathy of Eng land in a matter so important to France as the pre servation of the Emperor's life was excessive. Rightly or wrongly, the idea prevailed that every conspiracy against his Majesty had been organised in England, and that the British laws gave security to the conspirators. No counter-assertions on the part of her Majesty's Government would have had any effect at that moment ; and any official notice on the part of your lordship of Count Walewski's despatch would probably have involved the two Governments in a controversial discussion more likely to have increased than to have calmed the excitement which prevailed. If• the object was to soothe, it was important to let time exert its usual influence, and to reserve the official answer to Count Walewski's despatch until it was known whether Parliament would answer the appeal whioi► was to be made to it by her *ajesty's Government. But it ought no-, to ba ignored, that while taking this prudent course, your lordship lust no opportu nity of informing the French Government, confi dentially, of the true bearings of the question which had been raised. Your lordship's language has been, from the beginning of this unfortunate affair, clear and straightforward. I have now your lordship's letters before me, in which, while vindi cating in language worthy of your lordship's name, the right of asylum which Great Britain has ever afforded to strangers of all ranks and nations, and while declaring, in terms as explicit as they are de termined, the impossibility of infringing on that great principle of our constitution, you show how utterly insufficient must any enactment be, to pre vent men of desperate minds from entering upon desperate undertakings. As your lordship's true, but very inadequate organ, I have faithfully repre sented your principles, and could I call upon the Emperor or upon Count Walewski, as witnesse, neither, I feel certain, oould belie my words. I know not what may be the result of last night's vote ; but, at all events, I lose no time in stating my conviction that to your lordship's judicious and prudent conduct at a very critical moment it is owing that, without the shadaw of the sacrifice of a single principle, our relations with this government have not received a shook which might have been fatal to the friendship which yet happily prevails between the two nations. have, &c., (Signed) COWLEY. RER MAJ EST Y'S TREATRE , LAST NIGHTS. Piceoloraini, Spezia, Sannier, Belletti, Vialetti, Luchesi, and Giuglini. THIS EVENING (TUESDAY), - Feb. 23 (Last Night but Pvvo), LA FIGLIA DEL REGGIMENTO, and Last Act of LA FAVORITA, To conclude with the successful Divertissement, by M. Massot, entitled L'HYMENEE, by Madlles. Clavella, Mor iacchi, and Pasquale. _ _ . — TIILTRSDAY, Feb. 25 (Last Night but One), L.k ZINGARI, being the Italian version of the Bohemian Girl. SATI7RDAY, Feb. 27 (Last Night), IL TROVATORE. Prices :—Pit Stalls, 125 6d; boxes (to hold. four persons), pit and ono pair, 21. 2s; grand tier, 31. 3s ; two pair, 1/. 55.; three pair, 15s; gallery boxes, 103; gallery stalls, 3s 6d ; pit, 3s 6d; gallery, 2s. Doors open at half-past 7—commence at S. Applications for Boxes, Stalls, and Tickets to bo made at the Box•office at the Theatre. TII E. T R E-R OYA L, DRURY-LANE Lessee, Mr. E. T. Smith. THIS EVENING, will be performed CLOUD AND SUNSHINE. Mr. James Anderson and Miss Elsworthy. Followed by the new grand pantomime, LITTLE JACK HORNER. Commence at 7. THEATRE ROYAL, HAYMARKET. Lessee —Mr. J. B. Buckstone. THIS EVENING, to commence at Seven o'clock. with MUCH ADO ABOUT NOTHING. Beatrice, Miss Amy Sedgwick ; Benedick, Mr. Howe. After which, a new comic Christmas Pantomime, entitled THE SLEEPING BEAUTY IN THE WOOD; or, Harle quin and the Spiteful Fairy. Harlequin, Mr. A. Leclercq ; Columbine, Miss Fanny Wright ; Pantaloon, Mr. Mackay ; Clown, Mr. Charles Leclercq. Orchestra Stalls (which may bo retained the whole or the evening). 6s. each. (No charge for booking.) First Price. s. d. j Second price. s. d Dress Boxes 5 0 Dress Boxes '3 0 ' Upper Boxes ... 3 0 Upper Boxes 2 0 P.t 2 0 Pit 1 0 Gallery ROYAL Proprietor, PRINCESS'S NMCr CharlesS'S THEATRE. Kean. THIS EVENING, will be performed SliakspereN Play of ♦ IIIISSUMMER-NIGHT'S DREAM.. After which, a new grand comie Christmas Pantomime entitled HARLEQUIN WHITE CAT ; or, The Princess Blanche Flower and her Fairy Godmothers. The Princess Blanche (White Cat), Miss Kate Terry ; Harlequin, Mr, Cor mack ; Clown, Mr. 'Julius; Pantaloon, Mr. Paulo ; and Columbine, Miss C. Adams. THEATRE ROYAL, ADELPHI. Lessee—Mr. Ben. Webster. THIS EVENING, will be performed THE FAIRY fiRCLE. Mr. and Mrs. Barney Williams. After which, YANKEE COURTSHIP. To conclude with LATEST FROM NEW YORK. Commence at Seven. ----- - ROYAL 'LYCEUM THEATRE.—SoIe Lessee and Manager, Mr. C. Dillon.— THIS EVENING, will be performed Leigh Hunt's now Play, LOVERS' AMAZEMENT - S. Supported by Messrs. Charles Dillon, J. G. Shore ; Mesdames Charles Dillon and Woolgar. After which, a domestic tale, by Westland Manton, en titled A HARD STRUGGLE. Mr. C. Dillon, &c. To conclude with the Burlesque and Pantomime, LALLAH ROOKH, and the PRINCESS, the PERT, and the TROU BADOUR ; or, Harlequin and the Gliebers of the Desert. Supported by Madames Charles Dillon, Buckingham White, Eliza Webb, Maria Ternan, Esther Jacobs, and Woolgar ; Messrs. Barrett, Calhaem, Holston, Poynter, and J. L. Toole. Clowns, Messrs. T. Matthews and R. Stilt ; Harlequin, Mr. J. Ricketts; Pantaloon, Mr. A. Stilt ; Sprites, Herr Zeleski and Sons ; Columbines, Misses Malcolm and Lees. Gorgeous Feast of Lanterns.—Fenton's Grand Trans formation Scene. Doors open at half-past 6, to commence at 7. Box-office open from 11 to 5 daily. LONDON, TUESDAY, FEB. 23, 1853. The Ministerial arrangements are yet incom plete. Indeed complications have arisen that render the formation of a Cabinet a work of greater difficulty than had been anticipated. It is said that Mr. GLADSTONE and the Aberdeenites are coy, that they have rejected all overtures from the Derbyite camp, and are determined to remain neutral—at least for the time being—until they can perceive the most beneficial terms for them selves. We confess that, in our opinion, Lord DERBY has suffered no great loss in the rejection of his offers by Mr. GLADSTONE. We fully re cognise his extraordinary eloquence and general ability, but unfortunately the obstinacy with which he maintains his own peculiar crotchets is equally notorious. Ho will not yield on any point, and must virtually be the dictator of any Ministry with which ho is connected, although nominally filling a subordinate position. His views on the Income Tax and Bank Charter Act are alike opposed to equity and expediency, and ought to prove fatal to any Ministry by which they are promulgated. We should entertain hopes of beneficial legislation from the Dzibyites, who are made of squeezable materials, but they would be greatly deteriorated if Mr. GLADSTONE occupied an influential position as head of the financial department. So many rumours are in circulation that it is impossible, as yet, to speak with any degree of certainty respecting the future arrangements. Mr. DISRAELI will, of course, be Chancellor of the Exchequer, and we confess that we greatly prefer him in that department to Mr. GLADSTONE. " Protection" has been consigned to the " tomb of all the Capulets t" The monster can never be resuscitated under any circumstances, and we should be glad to hear " a financial scheme" sub mitted by the Conservative Leader in the House of Commons, just to compare it with the Whig bantlings, for which Lord OVEIISTONE stood spon sor, and many of which were framed under his inspection. We say this liecause the fate of the new Government will always remain in the hands of the people. Lord DERBY will only hold office " dum se beue gesserit," or on " good behaviour," as it is termed in the vernacular. It will be utterly useless to attempt the formation of a Cabinet unless he is prepared to accede to the reasonable requirements of the community. A large and. comprehensive measure of Re- form has been promised by Lord PALMERSTON. It must be carried during the present session, and any attempt at evasion, or even procrastination, will be strictly scrutinised. The ex-Prernier kept his secret ; not an inkling of the nature of the bill was suffered to ooze out. Ile caa thus rise in his biddings when the proper time arrives. But this we say, and all the competitors may accept the h t i: e t r , riv t e aa h rle a s t unless "the ballot" be included, n tsth a twoli th eeae i ltp a l ua g adrwte e e l et s tot e mhytrih w oge ill be accepted. In office any of present occasion, vieelciretot candidates inis e nam g ot sii l fiuda e et:t c ahi t t ee s i e t I s se claims ecetko. lrilns,g i. t ; oi stbhnueot mostvahreran y by which it isnEz thatfi rsta will triumph r a g s p v e e dt s .o uc i ie s, s T s h to e Enchanter's wand on the Ballot" will pos sessor. On this point of reform there can be no delay 'AYR. PRUSSIA. A telegraphic despatch from Berlin announces that the Prince of Prussia, in returning on foot from the theatre on Saturday night, fell and seriously sprained his left foot. A bulletin issued at midday yesterday stated that the swelling and pain had diminished, and that H.R. H. had passed a quiet night. A letter from Berlin of the 20th says—" The Princess Frederick William was one of the august party at a concert of sacred music given by the Prince and Princess of Prussia on the evening of Ash Wednesday, where Madame Viardot Garica gained additional laurels, but on the following day (Thursd ty) she was obliged to excuse herself from the dinner given by the Prince and Princess of Prussia, and also from the concert at the Sing-Aka demie performed that evening. On that day her Royal Highness was obliged to take to her bed in consequence of a severe cold, and remains still a prisoner ; but, as far as I have heard at present, there is nothing more than a cold to be deplored, and the weather has been so changeable within the last few days that it is almost extraordinary to find any one not affected with catarrh in some form or other." _ _ . The Prussian Mon item. publishes the following : " From the moment of our touching the Prussian soil, after our marriage, we have received so many precious testimonies of the sincere interest taken in our happiness that the remembrance of them will never be effaced from our memory. We have only been able to express those sentiments to a few per sons and to thank them for all the manifestations and presents which have been made to us. By thus publicly expressing those sentiments to the whole country, w c do it with the following prayer. 'May God bless our dear country with his richest gifts now and for ever 1' FREDERICK WILLIAM, " VICTORIA. " Berlin, 19th Feb." The 'VW Prussian Gazette says :—" Many appli cations having lyien lately sent in for commutations of punishment or for pardons, probably because the idea prevailed that a decree of amnesty would be published on the occasion of the marriage of Prince Frederick William, we are authorised tl declare that no document of the kind will be issued." AUSTRIA. The Austrian Minister of Commerce has published the following statistical return of the imports and exports of the empire during the past year. The imports were valued at 281,932,922 florins, and produced fur the State 19,179,777 florins. This represented a falling off on the previous year of 7,498,380 florins in the gross value, and of 1,779,442 florins in the government receipts. The exports were 231,018;10 9 florins, with a customs return of 494,717 florins, which gives a reduction of 20,417,491 florins in the exports, and 103,977 florins in the customs receipts. The decrease in the imports bears chiefly on colonial produce, metals, and leathee. The exports have diminished mainly on woven goods and timber. The export of cattle, animal produce, and precious metal has increased. BELGIUM. M. do Brouckere, burgomaster of Brussels, at tended by the Town Clerk, went to the palace in that city on Saturday, and received the declaration of the Duke do Brabant that the duchess had given birth to a princess ; and he registered the birth in the usual form. The declaration was made in presence of M. Teach, Minister of Justice ; Baron de Gerlach, First President of the Court of Cassati , ua ; M. Leclercq, Procureur-General of the same Court ; Count do Marnix, Grand Marshal ; and Count de Lannu, Grand Master of the House hold of the Duke. The King of the Belgians, in addition to the re mission of punishment accorded to civilians on the occasion of the happy deliverance of the Duchess de Brabant, has ordered that a pardon shall be granted to soldiers undergoing imprisonment for pet `.;y offences. The New Zurich Gazette states that on the 16th the French Minister at Berne proceeded in person to the palace of the Federal Council, and officially announced to that body that henceforth the French legation would refuse to attest any passport that was not presented by the owner in person. The Madrid journals of the 17th do not contain any political news. The attention of the public was absorbed by the festivities of the Carnival. The Mazzinian journal of Genoa, the Italia e Popolo, was again seize f on the lith, for an article relating to foreign affairs. • OFFICIAL DESPATCHES FROM INDIA..—A. suppS neat to Friday's Gazette was published yesterday, containing copies of various despatches received at the East India • house, detailing proceedings respecting Delhi, Lucknow, and other places, the particulars of which are already known. Those documents Included despatches from Major-General A. Wiwi)°, Major A. Ouvry, Greathed, Major F. Turner, Capt. F. Remmington, Capt. Blunt, and other officers. Returns are also given of ordnance and ammunition captured from the enemy, a return of the killed and wounded of the moveable column under the command of Lieutenant-Colonel Greathead in the affair of the 28th of Sent. at Camp Boolundshuhur, and a return of the sick and wounded in the field force under the command of Major-General N. Penny. There are also despatches from Lieutenant-Colonel Seaton, C. 8., Majqr-General W. R. Mansfield, Captain Caulfield, Captain W. J. Staff. rd, and Captain Ge ,rge Wardlaw. To these are added numerical returns of killed raid wounded of the moveable column in action, under the con wand of Col. J. G. Gerrard, on the 16th of November last ; and a descriptive casu alty roll of Europeans of the regiment of Artillery, from April 1 to September 30, 1857. Another return, dated Lucknow, October 1, gives a nominal list of killed, wounded, and missing in the Artillery Brigade from the 19th to the 30th of September, 1857, inclusive. LITERPOOL, Feb. 20.—The Royal Mail steamship Europa took her departure hence for New York to-day with the mails, a fair cargo, and 53 passengers. The Canada will sail for Halifax and Boston on Saturday next ; and on Wednesday, the 3d "of March, the sotto; steamer North American will take her departure for Portland with the Canadian mails, besides passengers. The clipper ship Americana, belonging to the White Star line, sailed to-day for Melbourne with about 120 , passengers and a large cargo of manufactured goods. LITERATURE. Cousin Harr j. By Mrs. Grey, author of " The G4uibler's Wife," "The Young Husband," &e. 3 ♦ols. Hurst and Blackest. In these volumes the authoress has contrived for the reader a most exciting narrative, replete with strange events, startling incidents, an.l striking personages. It cannot be called a pleasing story, but it is in every respect a powerful work, from the brilliancy of its descriptions, the depth of its interest, and the intensity of its feeling. The plot of the tale is divined from the commencement, where two cousins of the same name part ou the shores of India, the one to return to home and friends the other to brave the perils of an arduous campaign, and endure the vicissitudes of a dan gerous climate. The varying fates exemplify the different characters, Henry D'Orville, the _ youngest, was the timid, indelent ' self:indnigent youth, who persuaded himself that ho must return because be wished to, and made the pretext of a trifling indisposition the grounds to ftirnish a rea son for his voyage. Harry, as he is called to d'stin tinguish him from his weak namesake, was cast in a very different mould. He had, served beneath an t astern sun double the time, and urgent rea sons summoned him away, but he generously gave up his elAim to his cow-in, as both could not be spared. This was the crisis of their lives, and it involved the fate of another, It is to be ques tioned if " Cousin Harry" was in the right in thus remaining, since more than himself was concerned in the expedition. A. friend of his father's had urged him to return some time previously, but he had been miwil ling to exchange toilsome indepou ience for luxurious idleness, purchased through another's bounty. Mr. Stanley did not like him the less for this, and hinted in a sub,equent communication, that when the day arrived that allowed their meeting, his daug ter and heiress might happily be the meai.s of uniting the children of friends, by a closer bond than that of friendship To this also the stern young soldier turned a deal ear, but just as the story opens, death had removed the generous Stanley from the sphere of worldly Awls and hopes. In the epistle which conveyed this sad intelligence, the guardians of the heiress. , telieately communicated that on the bed of death then' friend had reiterated his long-cherished wish, and that the attached daughter would be willing to see if she could comply with his hope before she irrevocably engaged herself to any of the numer ous followers who wait ou fortune's favourites. This at last roused the attention of Harry d'Orville, and he was to sail when his cousin grew so despond ing that he made tee sacrifice before alivae 1 t,. He commissioned him, however, to see this heress iiimself, and transmit to India the description of her mental and personal endowments. The result may be imagined, when a selfish man is the judgs of a generous one. Harry d'Orville, by the wound he received in the field of fame, was compelled to tollow in a short time in the path of his cousin. He reached him on his wedding eve. The false friend —by deceit, subterfuge, and misrepresentation— had installed himself in the coveted place, and this heiress was his bride. The confusion that ensued may be supposed, when both the aggrieved parties discovered they had been duped by their medium. Henry had so contrived it that they did not meet till after the ceremony, which should have insepar ably united them, had placed betwe .n them an irrevocable barrier. But though thus triumphant iu his subtle plans, the claims of outraged justice, he voice of injured friendship, could not thus be silenced, and the description of the deceiver's state of mind is the best proof that success is not always gain, as regards 'mute' peace. "Harry," the baffled, defeated, and, as he felt, in jured man, was happier, though he experienced the natural sensatious of a generous eliarac.er at being imposed upon by one he h 4 benefitted and trusted, than ho who dealt the blow which de prived him of a fair poss , scion and a lovely bride. With a man so noble and high principled as he Is ho is the hero of these pages, nothing that bore the semblance of wrong could occur, although he was in the dangerous position of knowing that Juanita Stanley saw through the whole affair, do spised and scorned her husband, anpl evidently felt that her father was right in supposing that the great qualities displayed by the son of his friend would render him a conga-nial spirit to her own. Henry D'Orville became infatuated, he could not bear his cousin's absence, nor endure his presence. He managed to bring him to the house, and then, by inuendoes and insinuations, disclosed the jealous passions of his bewildered brain. Juanita was the first to discover them, and the idea of his injustice, after his guilt, roused such a storm in the briast of the maiden, in whose spirit burned the tire of her Spanish mother, that for a time the weak mat) quailed. It is to be said that Juanita herself was to blame, for she had acted for herself, and she, was free to wait till experience had shown whether the Indian warrior's description was correct. It was mortified vanity as much as injured dignity, which she miscalled it, that induced her to accept Henry, whom she forced herself to like at first, when she believed him the real suitor, although she confessed to her aunt that he had not one qua lineation which she desired in a husband, and was not the manly ideal of her father's vision. With mixed feelings she at last resolved to show her tardy knight what she could do without him, and rushed to the altar a sacrifice to wrong ideas. This expedient, always dangerous, became doubly so to a being like Juanita, who possessed an ill-disciplinea inied) with violent passions. She had the excuse of h stay , ing been deceived to a l low her to despise hes' us band to begin with, and on this dangerousf3tXUC" the clause which involved an entirely new principle and would raise an important discussion. The house then went into committee. On the question that the preamble be postponed, The CHANCELLOR of the EXCHEQUER said, — I hope I shall be able to satisfy the committee that there is a real reason of convenience for proceeding with the bill at this moment. The course which her Majesty's present advisers—l will not say her Ma jesty's Government—are taking in asking the house to consider the measure is quite disinterested on their part, inasmuch as it does not in any way concern them at present that the bill should make progress. In quitting office, however, they are desirous not to leave such a deficiency of revenue as would create an in convenience to their successors, or render necessary a supplemental vote and an encroachment on the balances in the Exchequer, which might have to be resorted to if the East India Company are no t em p ower ad by raising money on loan to repay the advances which have been made to them by the Exchequer during the course of the present year. The proposal is to authorise the Company, for the service of the Home Government, to raise money, either by debentures or tends. Stich a proposition in no new principle. From a very early period the East India Company have frem time to time been empowered to raise money by bonds in this country, and the raising it by debentures constitutes merely a formal alteration, which makes no difference in point of principle. When they were a trading as well as a governing corporation they raised money on bonds for the purposes of their trade. At that time Parliament thought fit, as it limits the amount borrowed by other trading companies, such as railway companies, to limit the amount which this corporation could raise by their bonds. As soon as the Company ceased to be a trading company, and remained merely a governing body—a subordinate part of the Rome Government of India—their position was entirely altered. Nevertheless, the old maxim was thought to apply—namely, that they had not an unlimited power of borrowing in this country for the service of the Indian Government. It was stated by the hon. member . for Guildford (Mr. Mangles), and from communicatioes with the India-house I know it to be the fact, that the opinion of counsel has been taken on the point whether new that they have ceased to be a trading body, there is anything to restrain them from borrowing money in Eng land for the service of the Home Government; and the opinion of counsel is that there is nothing so to prevent them, so that in fact, if thatopinion be just, there would be no necessity for passing this bill. But the Go vernraent thought, and so advised the Company that inasmuch as it had been the invariable practice for Parliament to authorise them to borrow on bonds in this country, it would not be expedient to act on the opinion expres ed by counsel, and that it would be more respectful to Parliament to ask for their express authority. For that reason the bill has been introduced. As I said before the measure involves no new principle whatever. In point of fact the company have now a power to borrow on bonds which is not wholly, though it is nearly exhausted. Therefore, when it is argued that this is a dangerous principle, and that it would involve the British Exchequer, my answer is, that the principle is neither new nor dangerous, and that it is perfectly no derstood with respect to. loans contracted by the Com pany in the money-market. If the committee wish I will go through the items of account which has been framed by the Company, containing an estimate of the probable charges upon the home Government of India until the end of their next financial year, April 30, 1859, and the means they estimate for meeting these charges. Perhaps it is unnecessary thatl should do more than mention the result, which is, that there world be a deficit of about 7,500,0001. The charges have, I think, been taken on rather a liberal scale, and the probability is, as far as we can judge at present, that the deficiency will be a sum considerably less than 7,500,0001. However, in the pre sent State of India it is dif f icult to form anything like a olose approximation to the truth in framing an estimate, and we will therefore assume that at the end of the Com pany's financial year, on April 30, 1859, there will pro. bably be a deficiency exceeding 7,000,0001. Now, the question arises how that deficiency is to be met. The hon. baronet opposite contends that there is danger in autho rising the East India Company to borrow this money, inasmuch as the consequence of such a step may be the creation of a prospective charge upon the Imperial Exchequer. Sir H. WILLOUGHBY—I simply wished to have an assurance from the Government that there was no danger involved in the measure. The CHANCELLOR of the EXCHEQUER —My answer to the hon. baronet is, that there is a charge to a certain amount to be met, and that we must endeavour to meet it in one way or another. It is the duty of Par liament to see that adequate means be provided for that purpose, and we, with that view, propose to enable the East India Company to borrow in the English market, the unlimited power of raising loans in the native market which they possess being now exhausted. The hon. baronet wishes further to know what is the exact amount of the present debt of the Government of India ? In reply to that question I may state that the gross in come derivable from our Indian possessions is about 29,000,900/. per annum, and that the stock of the Com pany—which is a portion of their debt guaranteed by Parliament, bat not guaranteed upon the credit of the British Exchequer, the fund out of which the dividends are to be paid not being designated by the Legislature— amounts to 6,000,0001. Mr. WALPOLE—There is a virtual guarantee upon OUT part in reference to that stock. The CHANCELLOR of the EXCHEQUER—In the event of the failure of the Indian revenue, the faith of Parliament is no doubt pledged to provide for the pay ment of the dividends out of the English Exchequer — (hear, hear)—but there exists no necessity for making a demand upon it until that revenue becomes exhausted. I think, therefore, I am right in saying that there is no direct and primary charge upon the Exchequer of Erg. land in connexion with this stock. That stook, as I have just stated, amounts to 6,000,0001., and is guaranteed at 12,000,0001.—that is to say, 2001. are to be paid for every 1001., so that the whole sum may therefore be considered as equivalent to a debt of 12,000,000/. Now the guarantee fund which is to be set off ageing that debt amounts to about 4,500 0001., and we reckon that it will in the course et a few years he as high as 7,000,0001. Well, the India debt is 50,483,0001., and the bond debt about 6,000,000/. ; those various sums in conjunction constituting a total charge of 63,483,0001. That is the whole of the present charge upon the reve nues of India, and against that is to be set off the gua rantee fund. The committee will therefore see that, comparing the gross debt of India with its annual reve nue—which is 29,000,0001.—the amount is not so con siderable as might have been supposed. There is, however, another way of looking at the Indian debt. Sir H. WILLOUGHBY—Are the railway guarantees included in the statement you have just made 1 The CHANCELLOR of the EXCHEQUER—No. I am referring to that which is, strictly speaking, the amount of the debt, and I may add that what seems to ms to be most material with respect to it is not the nominal amount of the capital of the debt, but the annual charge which it imposes. The total annual charge for the Indian debt, according to the last accounts presented to Parliament, which relate to the year ending the 3d of April, IESB, was as follows : Interest on the India debt £2,044 313 Interest on the home bonded debt Dividends to proprietors of stock tore she fixed her fate for life. For some years it was a very stormy one, but at last she formed some fixed principles for her guidance, which rendered herindependeut of outward circumstances, and for happiness, in quest of which she had so signally failed, substituted a peace which not even her fitful fate could destroy. The succeeding passages of the story are very ably described, and the extraor dinary conduct of Henry D'Orville at the last is not so improbable as some might suppose, when we take into consideration the morbid ieudency of his tewperainent. He went on for years in a series o f mental tortures, to which bodily sufferings cannot be compared for present agony, and future consequences. Blanche, his sis; er, is a meek, gentle young creature who seems worthy of a better posi tion than that of being under the direction of one so serverse and vacillating as her brother. It is well for her when she exchanges his away for the protection of the manly " Harry D'Orville, than whom a greater contrast cannot be supposed to exist. After beholding the whirlwind of passion, which swept over the frame of the excited family in the hour of her trial, when her husband left her, it was a relief to the straightforward and well-regu lated mind of Cousin Harry to unite himself to one so tender and true as Blanche. She was weak per haps, but that was preferable to her sister-in-law's - vain strength, and mistaken in her motives, but they were not of self while many unworthy influences corn hined to rule the other. Those who are pleased with exciting stories will appreciate this one in question, and the excitement is not a false stimulus imparted to its course, which leaves it at last the weaker from its fatal agency. On the contrary, it is a strong argument, explained in an unvarnished manner, and illustrated by suffering monitors against deceit and treachery, against passion of every a art, wilt:tiler of anger or jealousy, and the whelo is narrated, with a talent that irresistibly attracts, and a vigour that stamps it with life and energy. _History of the Life and Times of Edmund Burke. By Thomas Macknight, Author of " The Right Hon. B. Disraeli, M.P., a Literary and Political Biography," dm '2 vols. Chapman and Hall. Tao author of this work is one who hal previa, ously endea.youred to diiti4guish himsetlf in the literary world by a somewhat unworthy method. Works on living statesmen and politicians must of necessity be in some measure invidious, and when they assume a personal or biographical character they are decidedly obj-ctionahle. In eel_cting the life of one who has passed into his place in history Mr. Macknight has, therefore, shown better taste, as well as more ainbiticn, for while the greatest of prose writers need not scorn to take for his subject the life of a great man of the pad, a censure on the acts and opinions of a politician of the day s i n k s immediately to the level of a petty party spirit. But though we readily commend the author's die cretion thus far, we are forced to admit he is totally unequal to his subject. It is a subject which, to do it justice, requires almost as great a variety of powers in the biographer as existed in the illustriouspersontreated 4. It requires the practised historian and the comprehensive philosopher to trace Burke's influence on the character and people of his time ; it needs the politician without a party to delineate the war of patties, the rival leaders, whose names are prominent in the history of the woad ; to compare them with each other, to draw their portraits, to manifest their powers, to depict their failingi. h asks the sympathy of a contemporaneous writ 'r to enter in' o the spirit of those troubled times, and it demands the calm judg ment of the critic of pc erity to trace their influence on the present day ; while to pourtray, the personal character of the great subject of the biography, scarcely less discernment and ability are required. It needs the profound student of human nature' rghtly to represent his complex character—it . requires the philosopher to appreciate his philo sophy, a benevolent heart to sympathise with his benignant humanity, a clear and astute intellect to perceive how that great mind went astray, a fer vent spirit to comprehend his enthusiasm, an in dependent and upright temper to enter into his hatred of oppression, an orator to do justice to his oratory, a reflection of his fine and liberal intelli eenee to acknowledge his noble toleration. This combination of rare qualitess Mr. Macknight does not possess; and, though it would be absurd to suppose that no one should write the life of a great mau who was not pre-eminently fitted for the task, yet when the undertaking is great, the abilities should be in some degree commensurate. If Mr. Macknight had restricted himself to a business-like record of Barke's acts and opinions, his political connections, and the chief incidents of his private life, ho might have compiled a very useful volume, for he has evidently bestowed much time and labour on his subject. Bui when we find him taking hi subject in its broadest view, and imitating Macaulay in his style, and Alison in his extent, we lose the value of a work of reference, and are tempted to think of the " vaulting ambition that o'erleaps. itself and falls on t'other side." The reader of these two formidable volumes will perhaps he dismayed, certainly surprised, to find at thei r Cow elusion that they have not reached the French Re volution, the impeachment of Warren Hastings, or any of those later events of 'Burke's life with which the public are chiefly familiar. It is the writer's intention shortly to complete the work, and to give us a picture of the time when, as has been said, Burke stimulated the panic of a wo , ld by the wild pictures of his inspired ima , ination ;" and to show us that darker time when the enthusiastic) temper sunk into irritability, and the sorrows of public and private life deepened the shadows of the oaks of Beaconsfield. To describe the close of Burke's life will require a gentle and kindly critic, one who will soften the harsh and jarring lines :by ready sympathy and full appreciation. Mr. We knight, whatever his failings may be as a writer, has a j ust and cordial admiration of the great man of whom he writes, and is no doubt actuated bY a laudable ambition when undertaking the task. The work is very unequal ; some passages are writt-n with force and correctness, and occasionally the reader finds himself involved in a long sentence which, if it has many turnings, does not conduct him to any definite goal. The author is not without ability, but he should select an e tsier duty, and write with less amt ition and more care. Elegance and situp' city are the high roads to eloquence, and a mere selection of hard words and involved an titheses will never reach their object. Every allowance is to be made for the difficulty of the subject, but then it is scarcely wise for a writer of moderate abilities to select one of the most remark able periods of En_aish history for his task. We trust teat when we again meet Mr. Macknight he will have abandoned , such an arduous digee e , and choosing au epoch of less formidable cheW i t r is distinguish himself in a manner that will rePaY " evinent labour and research. The nex` Indian telegrams will he due in Engler] on the lit March. It will contain news from Bombay to the 9th inst. An Australian telegram will be also due on the Ist March. It will -contain news from Sydney up te , the 11th ult., and from Melbourne up to the 15tb ultimo. . In consequence of the China news the tea and silk markets have been exceedingly quiet and flat. It also ; A, n oppeL market rstb have atorder bsfereori countermanded,mLyon owingsforpurehase to purchases of silk the recent political anxieties. Tez MINISTERIAL CRISIS.—LIVERPooD.- - L ord r iners. on has of late been exceedingly popular in Liver p . 0 1, where he was regarded as a true champion and upholder •' our national greatness. His recent fatal advocacy of an obnvious and despotic measure has, however, completely turned the tide of his greatness, and the news of his defeat on Friday, and subsequent resignation, has excited universal satisfaction. It is now fel'; that our honour has been vindicated before the world; and that our outraged feelings have found their true D.glish vent. It matters not who succeeds Lord Palmerston, it is sufficient to kaoiv that the injury he would have inflicted upon us has b een becomingly resented. THE MINISTERIAL DEFEAT.—At last the country ha g come to its senses. Teat monstrous chimera whic h has palsied the nation's brain for some three years an aged toffy of the regency school of toryism Mae: querading• as a preacher of progress—has vanished 81' first touch of genuine liberalism. If, as the Vines st+Ye , Lord Painaerston's condemnation now be factious, let him reverse the verdict by the means ho so emp loi. with such disingenuous ingenuity nine months sei Let him go to the hustings now with th e cry e,. " assassins," as he did then with the cry of " i nsole nv barbarian." He had B)wring then—he has Bo na P erte now. —Liverpool Albion. 1 ;,,t of NEW ADMINISTRATIONS.—The following is a ,d the Administrations, Whig a n d Tory, which h a ve be' e office in England since the year 1830, with the dates their installation and dissolution, viz.:—Earl firs t), Administration, 1830-34 ; Viscount Melbournes kfir e ,.f t 1834 ; Sir Robert Peel's (first), 1834-35 ; viecou.• Melbourne's second 1835 1835-41 ; Sir It. Peel's ( ioc e . 1841-46 ; Lord J. Itin•selt's, 1846-52 ; Earl of Derol n ; (first), 1852 ; Earl of Aberdeen's, 1853-55 ; P4.thnerstou's, 1855-53. Toe outgoing Ministr y has DI Office just th ree years. Lord J. Russell retained th e e: ~ rei ns o f p ower n early six years, and Sir R. Peel sho five. The last Tory Ministr y under Lord Derby not in office a twelvemonth. • c log SHIELDS, Mo nda y , Noon.—We are experlen • a r th o e Gugheowregsathreartroiont,thNe coast. anteiretsh-epaasetket, Thames,This M v e a r li e 2t l un i and J a ne, coal-laden vessels, have put back, toc's%-a t h en , w ith loss of bulwarks. Most of these vessels !' d Co b ee n from the Tyne a fortnight, but had been obliges„...,_ se ek shelter in L.lith Roads, or in Holy Island bee n And in trying to make a passaLe south they. had beeO caught in a second gale. Last night t he brig _uri'„ of • Whitby was wrecked on Tynemeuth Point. ‘-'" th e ; siderable di ffi culty was experienced in rescuing o cre w, through the rocket lines baying fouted• c opal were landed, however, about three hours after the v struCkii '~ 4 , 4