The Sun. — London, England, 1858-02-12 00:00:00

~ . -.._ -.. _ .y MONEY MARKET COMMERCTAL INTELLIGENCF. CITY, Two o'CLocK. , In the For e i g n and Colo n i a l p ro d uce mar k e t s , 'Luling the last few days, business has teen very dull and most of the leading staples have slightly receded in value. Sugar has declined about Gd. to ls. per cwt., and tea, owing to the advices by the overland mail stating that large shipments have been made, has declined about Id. per lb. Coffee has been moderately steady, and cocoa firm, owing to a large Government contract that has just been issued. Spices have slightly declined, " also saltpetre. The public sales of indigo con tinue to progress very slowly. There is still a want of activity in the biddings, and no alteration can be noted in the prices realised for the various qua lities at the commencement of the sale. Good use ful qualities of Bengal, however, are in better re quest. Tallow has been rather firmer. P.Y.C. ott the spot being now quoted 525. 9d. to 535. for spot and delivery up to June, and 50s. 9d to 51a. for last three months. The Liverpool Cotton Market yesterday presented a very animated appearance, and values cf all de scriptions continue to improve. The sales amounted to 15,000 bales, 5,000 of which were taken by the speculators, and 1,000 by the exporters. The Rail warShare Market closed quietly, and prices were Without any material alteration. The market for East Indian Securities bearing 6 per cent. interest is rather firmer, and it is gene rally imagined that a decided improvement will take pls.() in their values, as a statement is circu lated to the effect that the East India Company have decided upon granting no more guarantees. It is rather singular that a movement in these inyeatmenta has not-taken place in proportion to the reduction in the minimum rate of discount, but probably the prospect of continued calls pre vents the advance. The general rate of interest now allowed for de posits with thesjoint-stock banks and private firms is 2 per cent., and there can be no doubt that these establishments will receive offers of considerably More money than they can employ. The current teems for the negociation of commercial bills have b een slightly reduced in consequence of the alter ation made yesterday in the minimum rate of die • , count. Good bills are negotiated at about 2 and Per cent., and instances are met with where 24 per "lit- has been really accepted. An impression exists that although a further slight relaxation in t he official quotation may take place, the existing easiness will not be of long continuance ; but one thing is pretty certain, namely, that there must be a considerable revival in trade before there is a suffi cient diversion of capital to cause any reaction. burin g the spring s ome ame li ora ti on w i l l no doubt take place in all departments of trade, and then, Perhaps, the demand fer accommodation will be aufficiently active to enable the monied interest to obtain rather higher rates for discount. The Bank of Frankfort have reduced the rate of discount to 3 per cent. The Bank of France returns are completed to yesterday, showing a further general improvement in the resources of that establishment ; but it would aPpear that trade in France continues dull, inas- I :Q uell as the pr essure f or di scoun t accommo d a ti on Still very limited. The bullion shows an in ebmase of 1,260 , 0001 . , an d th e bill s un d er di scoun t 4.4aVe diminished to the extent of 2,840,400/. t T het mark e t f or English stccks is rather firmer to -day., but th e transactions are but few, and the Inevement in prices is unimportant. T he anticip a ti on o f a f avo urable Bank return tads to Support quotations, and it is generally tho ught 4l ., that n o mater i a l i mprovemen t w ill ensue " after f ur th er progress i s made i n the b us i ness "Jew before the House of Commons. ~,,Certeols hav e b een 961 both for money and ac count. For For th e 4th p rox . th ey are now 96± se ll ers , New Three per Cents. are 96± 5 •, and the iiticed, 964 ; B an k S toc k i s 225 ; E xc h equer , Ws are 32 5. prem. ; and Ind i a Bonds, under 4 ,00/., 255. prem. P creign Stocks are very firm and a good business h5l been transacted at enhanced quotations. Turkish 6 per Cents. are 100 to 1001 ; and ditto 4 per Cents., 1044 ; Brazilian 5 per Cents. have declined to 103 k, but the 44 per Cents have advanced 1/ per cent., viz., 99/ ; Buenos Ayres 6 per Cents. have improved 3 per cent., viz., to 103, 105 ; Peruvian 45 per Cents. to 804 ' 81 ; and ditto 3 per Cents. are steady at 56 ; Portuguese 3 Per Cents. are steady at 45k ; and Russian 5 per Cents, at 1111, 1124. Sardinian 5 per Cents. are 9s ; Spanish 3 per Cents. 434, 444 ; ditto Deferred, 26 4 and Dutch. 4 per Cents. 101. Tl,e following are the nominal prices of Foreign Sto c k s :—Grenada D e f e rred Bonds, 516; Mexican, 2 21 201 ; Peruvian 45 per Cents., 80 81 ; ditto 3 ,v, er cents., 554 561 ; Portuguese 3 per Cents., 45 ; Russian 5 per Cents., 111 113 ; ditto 45 per •ecot ..... ; Spanish 3 per Cents., 431 44 ; Ditto New Deferred, 26 26f. Business in the Railway Share Market this morn inglias been inactive. Prices, however, have shown Rome slight variation. Great Northern and Great , W estern have adv a nced 10s. ; Eastern Counties, 458 . • and Midland, 1/. North Western, and Vale of N eath ' declined ss. ; Brighton, 10s. ; and North Ea stern (Berwick), 15s. In the Foreign and Colonial undertakings a very limited business has been reported. Northern of France has improved about ss. ; East Indian, 10s. ; and Grand Trunk of Canad a an d Great Western of Canada, about ss. Joint Stock Bank and Miscellaneous shares are exceedingly inactive, and little variation can be re- Ported in prices. London and County have re ceded 55. Oriental Bank, ss, Union of London idvanced ss. In the Miscellaneous Market the only change to report has been an improvement of 1/. in Royal Mail Steam shares. 50 25 00 25 St. 50 St. St. 20 20 10 Bt. St. St. St. St. 20 100 100 St. 20 100 100 20 lißilliehil rumps Tins DAT AT ONZ 4 YOLOt.• '' (From the Officsal List.) Bank Stock aye, c en t. Redu ce d A nnu iti es . ... 225 ....... 954 a 3 Per tent i cnecis Annuitier ...... .......... ...... V6A 6 1 6 NeW . per Cent. Annuities 96 i l d li Is4h firinda,, 4•111fi1• Ditto, under £lOOO 25 p Bank Stoek for Account 226 C 131806 ii•L Aicount Ez ''.•,,..? 4 ilia..td £lOOO " .. . 32 'l3:s.tall •• . PRECIS OF FOREIGN FUNDS AT ONE O'CLOCK, Braaten F per Ceiit Ditto 1862, 4i per Cent. Buenos Ayres Bonds, 6 per Cent. lO3 5 Peruvian Bonds, 4i per Cent Boi 1 I.' Ditto 3 per Cent 56 Portuguese Bonds, 5 per Cent., Con. 1841 Ditto 18b3, 3 per Cent 453 Russian Bonds, 1822, I!' St. , 5 per Cent._ 1111 124 Sardinian Bonds, 5 per Cent. ..... .....- 9Ol Spthish Heads, 3 per Cent. Ditto Account 44 4 3i Ditto New Deferred, 3 per Con*., Ditto Account .. Turkish Bonds, 6 per cent Ditto Account loos Ditto Guaranteed, 4 por Cont. Dividends on the above payable in London. Dutch Exchange, 2 per Cent., 12 Guilders Do. 4 per Cent. Certificates ~ lOl TWO O'CLOCK. Consol., money 961—sellers. Consols for account Amongst the many distinguished visitors who have recently honoured Professor Frikell by attending his Entertainment, are :—The Siamese Ambassadors and a numerous Suite, the Persian Ambassador and finite, the Duchess of Sutherland and family, the Duchess of Argyle, the Duke and Duche s s of Mobtrose, the Duchess of Manchester, the Marobioness of Stafford, the Marquis of A.ilsa, the Countess of Shaftesbury, Earl and Countess of Spencer, Earl of Lincoln, Earl of Strath more, Countess Persigny, Lord Blantyre and family, Lady Jocelyn, Lord and Lady Overstone and party, Lady Chewton, Lord Godolphin, Lord Burghersh, Lady Eastlake, Lerd Methuen, Lady Peel, Lord Chet ea, Lady Ann Beckett, Lord Elcho, Lady Cbarles Welles ley, Lady C. Egerton, Lady Boyt:e, Lord Lincoln, Lady Trelawney, Countess of Waldegrave, Lord Sefton, Lady Shelley, Lord De La Warr, Lady Raglan, Lord G. Lennox, Lord Exmouth, Lady 'Moncrieffe, Lady Chantrey, Lady Hi,lop, Sir Archibald and Lady Mac Lean, Sir Ralph and Lady Howard, Baron Meyer de Rothschild, Miss Burdett Coutte, Lord Mayor, Lady Mayoress, and family, the Marquis of Aylesbury. TRu MAIL PACKET SERVICE.-988,4881. is the total estimated expense of the Post-office packet service for the y ear 1858-9, against 965,064/. last year. The ma i l s ervices . include charges of 25,0001. (Holyhead and K in g s "le), 4,000/. (Southampton and Jersey, (Dover, C . elate, and Ostend), 20,5001. (Peninsular and ice,) 15,5001. Gibraltar),,.... 172840/. (Liverpool and Halifax, Boston and . I ; 4 ,ev_r York), 2 40,0001. (to and from the West Indies), Coast of South America), ', 3 ,Y 000/. (Brazil and Buenos Ayres), 25 , 0001. (West 20,500/. (W st 139,414/. (I 33,0001. (Ca p e of Good Hope), endiaCeast of Africa), 185,0001. (Australia), and 20,000/. for the additional mails L o ci inltnadyiaan C a l cutta, d b alt ernate lternate hebdomadal communication to 'Paid RAILWAYS. I Asabg. Nottng. Bast. ds Eastn. June.... Belfast k BallyTen , I3lrmng. Wolverh. Stour La:ncsb. 6 Cheshire Junet...... `Blackburn •• .. n ilyth & Tyne origina £25 (iss. at £45)... Bristol & Exeter a1ed0nian............ ester di llolyheao, Cork and Bandon—. Cork, Black. & Pass ' Cornwall Do. A St. St. St. 50 20 100 100 100 all all Do. B aablin&BelfastJunc Dun. P. &Aber.Junc. East Anglian Eastern Counties EasternUnion,A. stk Do., do. B. Do. New A East Kent i East Lancashire . East Suffolk .......,. Do. Edinburgh& Glasgow jEdinb. and Peebles ,Edinb.Prth.&Dunde , IForth and ClydeJunc. Furness ...... Glasgow & S. Western Great N. of Scotland ' Groat Northern 20 I all 111 all St. ,;100 St. 100 20 all 10 all 121 5 St. 100 t 5 i all 25 , all St. ; 100 10 11 10 1 1 100 100 all all all 100 33 100 100 17i all 1 all 100 100 100 all 100 all 164 100 100 d)o., A. Stock .., Do., B. Stock Sth.&West.(lre). !GreatWestern. Do. Str.V.R. gua. St Irish South-Eastern. [l4;mo:tater &Carlisle. 0., Thirds Do. New Thirds Lancash. &Yorkshire Do., do. F 116 ... Do., Wet. Riding Un. , Do. Southport Lohdon & Blackwall Lond.Bright. &S.Cst Loudon & N. Wester Do. Fifths Do. ,10/.5h.,M&8...0 Do. Eighths London & S. Wage rn Lndndrry.&Coleraine Lndndrry. & Ennisk. Difanch.Shef.&Lincln. Metropolitan Do. J. L. Ricardo's arrangement Midland ... Do. Birming. & Derby Midland G. West. (Ir. ) Do. Shares ..... Newcastle & Carlisle Newpt.A berg.&llrfd Newry & Enniskillen 7si ewry, Warrenpoint dz Restrevor Norfolk.— ........ Northn. Counties Ern North British North Devon, Rail. di Dock Stock Do., A Stock ..• ..• ••• Do., B Stock N. Eastern —Berwick Do. do. Extension Do do. G.N.E.Purch. Do. Leeds Do. York North London N. & S. Wstn., Hamp- 1 stead, and City Jn North Staffordshire North Western.. N. & S. Wostrn. Juno. Oxford Worcester & Wolverhampton Portsmouth Rhynmey Scottish Central Scot. N. E. Abrdn. St. ,Shropshire Union .... Sitingbonrne &Sheer. South Dev0n....... ... South Eastern ... Do. per c. Shares South Wales S. Yorksh. River Dun D 0.......... . . . Staines,Wok.,&Wok.l Stockton & Darling.. Do. do., 1854 Do. do., 18x5 iStockton & Hartlepl 'Taff Vale.... Do. Pref., No. 1 Thames Hay. D. &R Val , of Neath Waterfd. & Kilkenny Waterford&Limerick West Cornwall West End of London and Crystal Palaoo Do. A Do. B West London Do. First Class Do. Second Class Wmbledon&Croydon, Business dose this day. 94 i i 105 i soil 107 101 1 991 9 98 71 $1 63i 521 3.1 97 6f 52} f 82223 1001 11 109 i 10 91 21i i 21} SHARE MARKETS--(This Day). RAILWAYS. 8# - 71 - 73 ..• - .... 9 - 9i 94 - 96 941 - 94! 35 - 37 ••• --- .., 4 --- 5 8 - 9 18 - 19 61i -62 i 48 - WI 33 - 35 1 15 -- 17 90i -- 91, 67 : 68 io 2 31 A - 96 91 - 104 105 - 106 89 -- 91 131 - 133 103 - 105 594 - 60 I 60 - 63 84 -- 87 10 —l2 10 -- 12 p 931 -- 94 d - Oi 106 108 1001 -- 101 8 - 98 2 -99 i • ..... ao• 39 - 40 ••• - ••• 971 -97 i 69 - 70 j i'i - 14 62 - 64 31 - 3i 52i - = iiii! li - 4 52 - 53 82 - 83 96 - 99 31- 3 tl 8i - 32 33 9 5 d, 108 110 26 27 49 bA 34- 35 13 15 t 7 5 d , 9 11 37 38 foe) = iiii 7 - -36 - ..• 14 15 187 92 83 87 80 85 par ap ••• ••••• 11 •■••• iii ••• ••• 10 llu 1i lapi 191 - 201 48 52 83 85 211 —21 i, p. 211 —21 j, par IP , 1110 - 115 1110 - 115 405 - 110 19i - 20 21 -21 i - iP - IP f I- lip BRITISH PO! all all 100 100 236 d 103 lAtian. and St. Law. Bombay, Baroda, and Cen.lnd,guar. 5 p.c. To. Buffalo 61 Lake Hur Buff. , Brnt. do Godch 6 p.c.bds., 1 Aug.,'72 Do. do., 1 July, '73 Do, do 1 June, '74 j Calcutta 'and S. Fast. Central Oude (Lim.) Ceylon A .bares Do. B. do. • ..... Demerara. Eastern Bengal East Indian Do. C Shares Do.4A p.c.Bnds. ' '57 1 Do. do. do.„ '59, do.' Geelong & Melbourne guar. 5 per cent.... IGd. Trunk. of Canada Do. 6 p. c. Deben Gt. In. Pen. g. 5 per c Do. New. guar. 5 P.C Gt. Wcstn. of Canada Do. New Do. Bds., payable '57 Do.'do. , '76, p. '6O Do. do., '73, do. I Do. do., '73, without' option Madras, guar. 4i p. c Do. do., 5 per C. all all all all 5 all - , 4i p. c. Eaten. 3d Ex., g. sp.c. Do. 4th El.: Oude (Limited) Scinde, guar. 5 per e 20 20 331! 10 Do FOR: Antwrp&Rotterdam Ardennes Belgian East. Janet Beziers to Graissessac Carmeaux& Toulouse Coal Mines and Ry Dutch Rhenish Eastern of France Do. New Euphrates Valley Gt. Central of France Great Luxembourg Italian Junction Lake Const. & Bale Lierre and Turnhout Lombardo-Venetian Lucca & Pist.sp.c.p. Lyons and Geneva Lyons & Mediterran Maria Antcnla Do. New Namur & Liege Do. do. 6 p. c. Pref Northern of France Norwegianfirnk. Prof Paris and Lyons Paris and Orleans Reeife & San Fran., (Parana.) g. 7 P. c. Rome and Frsse%ti Royal Danish Royal Swedish Sambre and Meuse Do. 5i per cent. pref Southern of France West Flanders Do. per c. Prsif W. do N. W. of France Western of Austria We.q. of Switzerland WLeal aden Do. 8 p, cent. pref. Zealand •••• 61 - 6 I - I) 3i 4 31 3Rd 27f 28} ••• ••• 7i - 8 ...a 5 i - sip 29 84 - 204 - 21 38$ - 388 8 - 9 348 1 - 348 55 - 57 i - lipl 16 . - 4 - 81 71 - 22 - 221 4 1 1 - 4 9 - 9t 27 - 28 ... all all all JOINT-STOCK BANKS. 40 all Australasia 184 86 85 25 18i Bank of Egypt 100 50 Bank of London .. .. 40 all Bri.Col.l3k.&Ln. Co ." .. 50 all British N. American ... .. 20 10 ,C.Bk.of Ind.Au.&Ch -- • •.• 10J 50 'City fib 61 100 25 Colonial 100 20 Commercial of Lon& .. _ 20 all Eng.Seot.daus.Ciit. 19 — 1 6 i 20 all Lon. Ch. Bk.of AaEt. 181 19 181 20 all Ditto New 50 20 London and County ~. ... 50 Lnd.&E.Bnkng.Corp ... ... 50 10 London Joint Stock. ... •••• ... 30 100 20 Lond.andWestminsf. ... ... 100 35 National Pro. of Eng. „. ... 20 10 Do. New ". ." 211 50 25 National Bank 20 all New South Wales.... 44 46 25 all Oriental Bank Corp. 38 40 38; 20 20 Ottoman Bank 100 25 IProvincial of Ireland ... *** 10 2 all l IT.Au N s B.StG.Im.Co New ... : ::: 25 all °nth Australia . ••• 25 all Union of Australia., 44 46 ... 21 o. Now 26 28 50 10 Union of London.,,, 23 —25 24 100 50 Unity Mutual .. .„ . . ... .... ...4 100 - Welltrul 3 k of Lconli „ „,4 sic 4 ... •. 44 -- 46 26 2 8 23 —. 25 d , if •• ..' •.., ; i i ••• ,n 4 IMPERIAL PARLIAMENT. HOUSE OF LORDS.-(YESTERDAY.) The LOUD CHANCELLOR took his Beat at 5 o'clock. Viscount DT.INGANNON gave notice that on Friday he would call the attention of their lordships to the unsound and unseaworthiness of the vessel.; in which the troops were conveyed to India by the Overland ionte, more especially the Alma, which conveyed the 690 Regiment. The Earl of SHAFI'ESBURY presented a petition from Stirling, praying for th e f urt h erance o f Ch r istianity in India. The Earl of HA.RDWICKE. presented a petition complaining of the aggressive policy pursued towa rds the native princes of I n di a, and praying for t h e restitu tion of Oude. PARLIAMENTARY REFORM. The Earl of CARNARVON begged to ask the noble earl opposite whether there was any intention on the part of the Government to introduce any measure baying for its object parliamentary reform. (Hear, bear.) It was announced last session in another place that a bill on thin subject was to he introduced, but they were now arrived at the 11th February, and yet no intimation of either the nature or properties of the promised measure. H 5 con fessed he did not entertain any sanguine hopes with regard to the promised bill, bat at the same time he did think it was desirable to have some indication of the nature of the lon;-promised measure, or else what was the concise reason of the delay. (Hear.) For his part he must say that at all events it had a very suspicious appearance. Bart GRANVILLE could assure the noble earl that the Government had not changed their intention with respect to the bill for Parliamentary reform. Whatever had been announced in the Speech from the Throne her Majesty's Ministers would have no hesitation in carrying out. Government must be allowed to exercise their own discreti,in as to the time at which the measure would be brought forward and the mode of taking the opinion of Parliament upon it. Due notice would be given when the bi 1 would be brought forward. The Earl of DERBY said, considering the bill had already been twice announced, the noble earl had a right to know when the bill was to be brought forward. If it was not brought forward at an early period, it was his opinion the Government had no real intention of passing the bill, a result which would not be unpleasant to certain members of the Cabinet. (Hear, hear.) TUE SUN, LONDON, FRIDAY EVENING, FEBRUARY 12, 1858 Closing Prices yesterday. ISSESSIONS. IGN. LINES LEASED AT FIXED RENTALS. i Leasing Closing Prices Business Shr. Paid RAILWAYS. Companies. yasterJay this day St. 100 Buckghamsh. Ln.B:N.W. 96 98 St. 100 Clydesdale Jc. aledon ... 101 103 25 all Col.Stour Vy. E.U.drE.O 13 15 R. 100 E.L n. g. 6 p.e Gt.Northn 135 140 140 5 all E. Un. H. Sb. E. Count. 4 41 St. 100 Glas. Barr. dr Caldonian. Neils. Direct. St. 100 Do. New Do 28 all Glstr.&Dn.Fr. Gt•Westn ... ... 50 all Hull dr Selby. Y. & N.M -110 111 25 all Do. i Shares. Do 12i all D a o n . d i m S a h t a i r oo es k . O di c) India 2i ...... 21 1.21 all Lon.OGreenw .Eastern l2 13 20 ; all Bu o ry .Pie . f G er . . s en p c c e . St. 100 Lon. Til., &S. Peto &Co. 97 23 -- r 10 10 Do. Bark. Sh. Do 5i all Manch.Bxton. • • &N.W . . ••• St. 100 Mdld.Bradfd. E. Count 9 : "": 7 64 54 Newmarket 50 all N.&Est.s p.c. I 0 56 56 50 all Do. 6 per ct.. Do ... 50 all Do. Fixed sp. c So 25 , all Prest. & Wyrc L. 4A . W ... ... 12 all Do. i Shrs..d Do - ••• St. ;100 Roystn.& Hit. et. Northn 137 139 10 all Shrews.& Her T. Brassey 71 8 12 all i S. Staffordsh.. M. MClean 104 101 1011 i 50 all I WearVaLg6pc Stk.daDar. .., --- 25 all Do Do 33 -- 35 St. 100 !Wilts&Somrsti Gt.Westn i 91 93 PREFERENCE SHARES. Blyth and Tyne 10 p. c.pref. (issd.at 50/.) Brie. & Ex. 4 p. c. St. Do. 4 per c. Shares Calodn. £lO 41 p. c Ches. & Ho. 51 p.c Do. do. 5 per cent Cork&Bandonsip.a iDun.Perth.&Aber.J E. Anglian Cls. A Sh I o. do. Cis. B 6 p. c Do. do. Cls. C 7 p. c Eas.Co.Ex,sp.c No.l Do. No. 2 Do. New 6 pr. c. St East Un., G. 6 p. c. Do. 51., 10 per cent. Do. 101. Debentr.Sh. 00. do. 4 per cent East Lancash.6 p. eta E.&W. York. J. sths Ediu. & Gl. sp. c. Sh. d.Prth.&Duu.4p.c. Furness, 5 p, c Glas. & 5.W.G.5 p.c Great Northn. 5 p.c Do. 5 p. c. Redeem at 10 p. c. Do. 4i per cent Do. 5 p.c., Red. at 5 p. a. prem. Gt.N . of Scot. Ist Pr( Gt. S di W. (Ireland) Do. 4 per c. Pref. St. Gt.W.(B.&H.Ex.spc Do. con. red. 4. p.c. Do, cou. red. 4 p. c. Do. irred. 4 per 'ant. Do. 5 p. c. red. pref. Do. Birm. Pref. Sh rDe. Chester Bp.a.P.S. Do. do. 5 p. c. do Do. Birm. Gua. Stk Do. Chesh. Gna. Sh Do. do. do Do. do, do. Lan. & York. 6 pc. St. Lon. &B. G. 5 pc. No.l D0.,P., 5 p.c.St.No.2 Do. Now Guar. 6p.c. Do. do. 5 p. c., No. 4 Lon. & N. W., Coy. & Nuneaton 5 r. ct Lon. & S.W. 7 perct late 3d Shares 2611 131 20 St. St. St. all all .00 .00 100 100 100 100 100 20 12 25 20 St. 25 10 1.0.6 St. St. St. St. 100 100 100 100 100 100 .•• - •.• 90 - 92 .01 - 103 6 -. 6; 1 106 - 112 110 - 114 109 --112 1107 - 110 1 127 - 130 74 - 16 119 - 121 111 - 114 1103 - 105 61 -- E 6 10 -- 11 'Bi -- '4 91 -- 93 84 -- 86 86 -- 88 99 -101 10 -- 164 16 -- 17 10 -10 i 73 -- 75 19 -- 20 94 -- 10 14 -- 15 137 -- 139 160 - 165 Londy. do Color. i Sh. Londy. &Ennis. i Sh. g., S.,&L. 6 p. Cent. rD d. dO. do. £6 ... Do. do. 31 per cont Marypt. &Carl. 4 p.c, o. 44 per cent , Do. do. .. llid.Consol. 6 p.c. St. o. Con. Br. Bir. 6 p.c. Do. 4i p. c. Pref. St. Do. L. &H. Pref. St. New., Aber., &c., pr. 5 p. c. red. 5 p. c. pm. Do. Perpet. 6 pr. et. Norfk.Deb.4p.e.Sh. Do. 5 p. c. Ext. 1846 Do. 5i p.c. pf , 1847 Do.Wv.V.sp. ~ ,1847 North British . ...... Do. 71. Preference N.B. Belly. 4p. c.Prf Do. do. do 1 !Do. Loeds 6 pa. No.l IDo. do. Qrs., 1848 Do. York El.& S. Pur North Staffordshire Ox., Wor. & Woly. 6 p.c., let guar. Do. .c. 2d guar Do, do. Debentr. St cot. Ceut.New Pref c.N.E. Aleer.g.6p.c Do. do. 7 p.c. pf. St Do. do.3a p.c. pf. St uth Devon 1171 120 - 122 i - 11 65 - 70 136 - 138 101 - 103 92 94 1111 2 11f = iii 1107 -16 97 98 i i d I - 1 22 - 1 23 121 - 123 107 - 109 1181 19i 103 -- 112 71 -- 73 101 -10 i o. fixed 44 pr cent. . Eastern (Reading Ann.) of 21 Os. ad. Do. 44 per cent Do. Fixed 44 p.c. Sh Do. New 4i pr. cent H. Wales Gua. 4 p. c. Do, do. 44 p. c S.Yorksh.4 p.c.Guar Stock. &Dar., 5 p. a Do. do. do. 25 - 251 99 - 101 93 - 100 28 - 29 Waterfd& Kilk. 6 pc. BRITISH Wired Conk (Philkji ritish Iron ... ..... Condurow (Cambrn., Dev.Gt.Cnsls. (Tay., East Basset (Mogan mat South Tolgus., rt. W. JUlrd. (Piallr. , Grt. W. Vor (Helstn.) Lady Bertha N. Frances (Mogan) N. W. Basso t (Mogan) North Wheal Crony Par. Cons. (St. Blazy) Porkellis U. (Wend.) Sort. Cons. Min. Co. S. Caradon (St. Cleer) S. Carn Brea (IIlogn.) S. IV. Franees(lllogn.: ram. S. & L. Min. Co, Tin Croft Un.Mines (Gwenus.V V. of Towoy (Camar., W. Basset (Mogan) W. Caradon (Liskrd.) Wh. Basset (Mogan). Wh. Buller (Rdruth). Wh. Edward(Calstcl Wh. Kitty (U. Llant Wh. Ma. Ann (Menht. Wh. Trelawney (Lis.) FOREIGN Australian Bon Accord Cop. (li.) Brazilianlmp.(issued at 15 pm) Do. Cocaes & Cuiada Do. St. John Dcl Roy Clarendon Con. Min. Co. of Jamaica Cobro Copper Copiapo Dun Mountain Cop- per Mining Co Fortuna General Linares Lusitanian Ta lariquita New Granada oveau Monde Pont.Sil.LdM.dc Smlt Port Philip ntiago de Cuba United Mexican 900 Atlantic Tel. (Lim.) 19 , Australian Agaicult. all Australia. Royal Mail all Berlin Water Works 2 Do. Now iss. at 5/. d 40 Brit. American Land 32i Canada 100 Do.Go.6pc.Jan&July all Copper Min. of Eng. all Do. Pref. 7; p. cent all 'Crystal Palace all Do. Preference all Crystal Pal. of France' all lEastern Steam 100 lElectricTelegrapb all Electric Tel. of Irel. all 'En. &Aust.Cop.SmCo I.os. Eur. & Ind.Jctn. Tel. all ,Eur. &Am. Stm.(li tn.) all Gen. Ir. Sc. 14 i Gen. Steam Navigat. 5 London Discount all !Loud. Gon. Omnibus 10 Magdalena St. Navig. all 'Meditoran. Elec. Tel. all Do. Extension Tele& all !Mexican& S. Amerien 5 Jiat. Discount Co 6 !Netherlands Land all ,Do. Do. . all IDo. 8 p.c. Pf. iss. at 1 d Do. lislow B. &N. S. Land N. S. W. Gov.s p. e. D. N. B. Australasian Nrth of EuropeSteaut Oriental Gas Do Now Shares Peelßr. Ld. & Miurl Peninsular & Oriental Do. New 60 all 100 all all all 5 28& hymney Iron ...... Royal Mail Steam.... Scot. Austral. Invest. S. Ans. Gov. 6 p.c.bds. South Austral. Land Submarine Tel. Scrip t Do. Registered Trus.Ln. Co. Up. Can VanDiumen'a Land 1131 14 174 I THE EAST INDIA. COMPANY; the court considered against the rulee of justice. It would not have been able to do this had it been swag. by the influences of political lies. We all know of the celebrated instances of the bankers of Oude, where the Government required the directors to send out a despatch in the justice of which they did not believe. The Court of Directors said : " We admit that you have the legal power to take steps to compel us to sign that de: patois, but so strong a sense have we of its iejestiee, that eve/. though you go to the Court of King's Bench for a mandamus we will rather be imprisoned than yield." But, my lords, it is said that the existing system of Government is a double one. In one settee it is/, but it is not a double one in the sense of any conflict of power. There can be no conflict of power; the power of the directors is a moral power only, and can only be exercised where they have confidence that they are acting in accordance with the dictates of justice. The immediate functions of Government are, and must of necessity continue to be, exercised in India. The duties of the home authorities are mainly confined to laying down general rules for the guidance of those in authority in India. Their duties are merely to deliberate and direct, and in order that the Home Government may have the advantage of the knowledge of those whose experience is invaluable upon the subject of the govern ment of India, a double government to this extent must always exist. I think they, that the petitioners ere right in eayieg that, however the government in India is to be administered, the country could not venture to dispense with the aid cf the cempany, in some she? . r another. Ido not say that the constitution of the company is perfect ; the directors do not tray that it is perfect ; they state their readiness to joie with Par Fa ment to amend their constitution, where arnend:oenia ore required. There is one fault, my lords, in the pres , nt state of things, which I think Jr, obvious. Since the company has ceased to be a mercantile corporatinc, the proprietors of the East India Company have ne lorg:r OA interest in the company which formerly gave teem a jut claim to choose their directors. I think that it/ 1853 whenia provision was made, after due inquiry, for esabling the Government to nominate members of the Court of Directors, that it would have been better to have given a power to the Court itself to fill up vacan cies, the names of the proposed directors being sub mitted to the Government for approval, and the , approval being withheld till the names were submitted to both houses of Parliament. But whatever defects there may be in the constitution of the Indian Government as it now exists, these defect , ' are merely matters of detail, and do not require an entire alteration in the system. Now, my lords, we have not been told what are the grounds. which have induced the Government to come to the conclusion that an alteration should be made in the constitution of the Indian Government; but when we remember that the subject was carefully con sidered so lately as the year 1853 by a cabinet contain ing many members of the present ministry, and that that cabinet renewed the charter of the East India Company, we must assume that it is something which has occurred since then which has led to the conclusion that the existing mode of government ought no longer to continue. Those new eircnmstences can only be the mutinies which have occurred in India. I must say, my lords, that I am at a loss to understand in what manner the mutinies can have rendered it expedient to adopt the course which it is understood is contemplated by the Government. I think that the argument of the petitioners is unanswerable, that if those mutinies are to be laid at the door of the Government of redia it is at the door of that portion of it which has had supreme control tbat it should be laid, and not at the door of the petitioners, who have been merely an advising body, and whose advice has not unfrequently beendisregartied. The branch of the administration in which the affairs of India have been best managed is that portion with which the crown, and the officers of the crown, have the least concern. Oa the other hand, the management of the army has been more directly under the control of the ministers of the crown. The ministry has appointed the Com. wander-in-Chief, it has virtually appointed the Gover nor-General, and, in fact, the general control of the army has been more with the ministry than with the Board of Directors. Bearing these things in mind, it appears that we are to come to this extraordinary conclusion, that whereas one administration has been good and another evil, we are to take away the authority of that which has discharged its trust efficiently, and commit it to those who, it appears by the result, base mismanaged the duties confided to them. What may be the paramount causes of the mutiny I cannot pretend to say . ; but no man can doubt tbat it sprang immediately from two causes ; first, that the demands upon the service of the British troops have been of late years very largely in creased ; and, secondly, that the native army bee been kept up to a scale dangerously large when compared wit,h that of the European troops. (Hear.) Why is it tbat the duties of British troops have been of late years so largely increased l MY lords, lam hound to say that the cause of it has been the restless and aggres-ive policy which has been pursued with regard to the powers with whom the Indian Government has been brought into contact. In these wars millions and millions have been exe.ended, which might have been far more wisely employed in the internal improvements of Hiridoatan, thereby adding to the resources and power of the state. This aggressive policy has been the true source of our difficulties, and let me add, that with this policy the government has had nothing to do. The constitution of the Secret Committee enables the government of the day to give what orders they please relating to war and diplomacy without the knowledge of the Court of Directors/. It is notorious that the directors have always opposed the policy of aggression, and it is no less notorious that most of . the recent wars have been commenced without their know ledge, and continued without their approval. We know they disapproved of the war in Affghoosistan, that they disapproved of the Burmese war, and that they were rot consulted in the war with. Persia. And because these proceedings have ended in the calamities of the last 12 months, we are now to be asked to hand over the govern ment from those who disapproved of those proceedings and hand it to those through whose instrumentality they were set on foot. I cannot see—l think your lordships will have a difficulty in seeing—the policy or the justice of such a step, and I therefore concur with the petitioners in thinking that the principle of the present system of government ought to be maintained. And, my lords, if you retain the principle, I concur with the petitioners in thinking that it would not be well to constitute some fresh consultative board to advise the government. The petitioners say, and with justice, that a newly created board would want that morel influence which an esta blished body, like the Court of Directors, now possess. And I also concur with the petitioners in thinking that even supposing it desirable that some alteration should be made in the existing state of things, the present is not the time for making it. I own that this seems so just and plain a proposition that I am at a loss to see how it can be met. It seems to me most extraordinary that we should be called upon to attempt to alter the system of government of an empire, while the whole of that empire is torn by an internal conflict. I have now, my lords, stated in what I concur with the petitioners, but before I conclude it is necessary that I should say a few words upon a point with regard to which I am bound to say that I cannot agree with them. The petitioners pray your lordships not to pass the proposed bill during the continuance of the present disturbances, or, at all events, not without further inquiry. They urge that before such a step is taken, there should be a full and complete inquiry into the subject by your lordships' house. From this I must say I entirely dissent. If Parliament should be of opinion that the present system should endure no longer, and that the East India Company should be abo lished, I think that that opinion should be put into practice with the least possible delay. I see no occasion for inquiry ; because, though it might be incomplete in other respects, the inquiry made in the year 1853 as to the mode of conducting the government of India has afforded us all the information which we can require with reference to the home government. Besides, I think that an inquiry of this kind would have a very bad effect. The inquiry would necessarily be directed against the company by the government, and yet during the time that it was going on the company would have to act with government in the administration of the affairs of India. If we are to have a change, let it be made as/ speedily as possible, and let the statute which enacts it come into force with as little delay as the subject would allow. Before I sit do en, let me remark that I was wrong in saying that the East India Company have not been consulted by the government in reference to this bill about to be propesed. I ought to have said that they have at last been consulted. About an hour before I came down to this house I received information to the effect that this morning the Prime Minister had an inter view with the Chairman of the Court of Directors, nn and c e ov theu ni c h a i t l l i e dto s to come before bimt h e h heads ofteH ouse Commons A', how ever, to-morrow, I presume that no very essential mcdifica , tions oan take place in the interval ; and I own I do i not see what advantage can arise from the conamunica tion which has just been made. If anything, I think this makes rather more marked than it was before the insulting want of courtesy shown to wards the Court of I Directors. Esrl GREY said—l rise, my lords, pursuant to de notice I have given, to present to your lordships a peti tion which the directors of the East India Company have done me the honour to entrust to my care. The East India Company come beforeyour lordships as petitioners, in consequence of its having been signified to them by the ministers of the crown that a bill will be proposed to Parliament, for the purpose of placing her Majesty's East Indian dominions under the direct authority of the crown ; in other words, a bill to abolish the East India Company as governors of India, On receiving that com munication the East India Company addressed a letter to the First Lord of the Treasury, in which they stated their objections to the proposed abolition of the company —objections which they said were not founded on per sonal considerations, but on considerations of the public interest both of this country and of India, at the same time expressing their readiness to concur in any attempt that might be made to improve existing arrangements. To that letter the Court of Directors received an answer couched in very brief, not to say contemptuous, terms, informing them that the First Lord of the Treasury de clined to give them any information, either as to the rea , sons which had induced the Government to submitabill on this subject t °Parliament, or as to the provisions which that bill would contain, and reserving all explanaion on these points until the bill had been introduced into Par liameament. I cannot forbearstatin g at starting that this answer had very much the appearance of discourtesy to the East India Company. The position in which they stand gave them a right to expect that her Majesty's Government would have consulted them on this subject. But not so much of the discourtesy do they complain as of the injury likely to be done to the public service by the course taken, because I am sure Your lordships will agree with me that to create a new system of govern. went for India is a task of extreme difficulty, and requires to be undertaken with careful consideration in order that danger may be avoided. (Hear, hear.) Surely the directors, from their knowled ge an d experi ence, would have been able to have offered some useful advice and assistance to Government in the considera tion of this subject, and I am persuaded that, as it would clearly have been the duty of the East India Company to do so, it would have been their anxious desire, if con sulted confidentially, to have given their best advice and assistance in devising the best arrangement that could be adopted for the common interest. I cannot help thinking that a very great injury has been done to the public service by the course taken by Government, and it does not appear to me that the present Cabinet stands so much above all its predecessors in ability or judgment as to make the advice of the East India Company super focus in this matter. (Hear, hear.) My lords, the East India Company, on receiving from her Majesty's Government this letter declining to enter into any con sultation, behaved, in my opinion, with the greatest propriety. They showed no sign of offence with respect to the discourtesy with which they had been treated, but they considered what was the course which it was their duty to pursue, and they came to the conclusion that, as in their opinion' the proposed measure was not calculated to prove of public advantage, they were bound, being practically charged with the protection of British interests in India, to refer the whole question to Parliament, and to state their views in petitions to both houses. (Hear, hear.) Accordingly, the Court of Di recters caused a petition to be drawn up, a petition equally remarkable for the temperate and becoming lan guage in which it is couched, and for the extreme clear ness and order of its arguments. Indeed, I do not know that I ever read a state paper which in my opinion deserved a more unqualified commendation. (Cheers.) That petition was assented to by 16 out of 18 directors,. including some who had been nominated by the Crown, and it was subsequently, after a very protracted discus sion, adopted by the Court of Proprietors with, I believe, only four dissentients. Seeing, my lords, that this petition has arisen in the manner I have described, and that it has all the weight that can be derived from the position of the great company from which it emanates, I have thought it my duty to present it to your lordships, and will now proceed to state its prayer and averments. The noble earl here read an abstract of the petition of the East India Company, which was published at length in The Sun of Jan. 21, and proceeded to say : I have now gi ven your lordsaips a sketch, and it is a very slight one, of the substance of the petition. I have not thought it necessary to do more than thus slightly to state its substance, because I am sure that it has already been read by most of your lordships. And I may aid, that before we are called upon to legislate you will not only read but carefully consider adocumeut, every word of which well deserves your attention. I believe if yen so study this petition you will find that the argument it contains is unanswerable in its main points, and that you will come to the conclusion that the petitioners have succeeded in demonstrating that there is no ground upsn which it can be required that the authorities at home are. efrom I s petiti oners point out should be constit u t ed essentially different from t h e in man anletrho ugh ihineshtrtishcetyioni: iw 'ssu re to your lordships that, under existing arrangements, the Boar d of Directors, those instructi ons are not, and cannot be, carr i e d ou t without the consent of her Majesty ' s Government, The welch itself ultimately deoides what those instructions shall be. By this arrangement complete authority is given to the Government. The Government is, as it ought to be, supreme. That I regard as a matter beyond controversy ; fur your lordships must see that a possible conflict of authority would be most inconvenient. Bat the points to be *rued in favour of the petitioners' case do not stop here. When your lordships consider the extant of your Indian empire, the vastness of its terri tory and of its population--a population including men of different races and origins, all of them so uulike our selves in temper and habit of mind, I think it will appear obvious to you that the task of conducting the etneerne of such an empire is one of the greatest magnitude. It is impossible to suppose that Ministers of the Crown can possess sufficient knowledge of India or of Indian affairs to enable them unaided to conduct that go vernment in an efficient manner. The petitioners have told your lordships that the average time during which the Presidents of the Board of Contr,,l hold their office is two years and a half. Would it not b e preposterous to suppose that men holding office for that period can have that intimate acquaintance with lndian Government de mand s ? hithe r t o th e re quisite knowledge and experience here been sup pli e d by the C affairsDireu of Indiators,lt wishfiucrh a prope r con duct of the further to b e remar k e d, my lords, that the Court of Directors shi e ld s f rom th e bane ful ud i rs n t g o vernment of India. It is because the Cou rt of Director s is a body having no connexio n with political matters that it h as b een a bl e t o carry on the Government of India free f rom t h e turmoil If the Minister s of party warfare. of the Crown get the il f ues i ce of party spirit the into their own hands this Governmentwill oD I ndiage most longer the ea e— the evil resulting directlyand f ro m such a state of things will be at once ap p aren t to us, if we look elsewh ere. I do riot at this pr es ent mo ment see iu this house a no bl e friend of mi ne w ho, a few be n of f y e ars ago, held the govern o rship of Ceyl on . M y no bl e friend—l allude to Lord Torrington —. was governor of that dependency at the time when disturbances took place there. From the temper of the people of Ceylon at that time there is no reason to doubt that if the rebels had been allowed to gain any advantage through any weakness or want of spirit on the part of the govern. ment of the colony, the consequences would have been most fearful. But by the prompt and energetic measures of my noble friend that insurrection was suppressed almost immediately. Amongst the measures which the alarming nature of the crisis required was a capital sen tence against 18 of the ringleaders of the rebellion, and that sentence was carried into effect et one time against them all. Because these 18 persons were executed at once, a cry was raised against Lord Torrington. It was believed that through him the Government might be in jured, and therefore he was hold up to public odium through the press and in Parliament as a Minister of cruelty. I say, my lor d s , that Lord Torrington deserved the thanks of his country ; but instead of those, the treatment which he received was such as to render his future Government of Ceylon to be so difficult, thatll may say it almost bec ame im p os sible. What, my lords, has preserved the Government of India from attacks similar to those made against Lord Torrington ? It has been preserved from them because by means of the Court of Di rec t or s it has been k ept a l wa ys from the arena of party passions. Your lordships well kn ow how firmly the Court of Directors has on some occas ions refaced to follow the Government in doing things IThich The Duke of A RGYLL said he was sure their lordships would all admit that in following the noble earl he was placed at considerable disadvantage, and that his position might have been far better had he risen after the head of the government had introduced the bill in another place. He would appeal to the candour of the noble earl himself whether it were not possible that many of the objeotions he had urged to this proposed change might have been re moved by an examination of the measure about to bo sub mitted to parliament. He could not anticipate the contents of that bill, and his observations would therefore take the form rather of a statement, than of a reply to the speech of his noble friend. He must, however, first refer for a moment to his noble friend's eulogium on the petition of the East India Company. He need hardly say that in the whole of that eulogium it was impossible for the government to concur. They thought that some of the arguments in the petition wero purely traditional, and were inapplicable under existing circumstances; that some parts of it contradicted each other ; and that some of tho statements, though true in themselves. did not warrant the conclusions in support of which they were made. On one point there could be but one opinion in that house ; from wh i ch meat must all feel that the tone and temper of this dou ment were worthy of the gre subject t o reated ; and he historical body i c ch it emanated, and worthy of t he earnestly hoped that in the debates which would take place in parliament, there would be an abstinence from every thing of a recriminative character, and that they would all give credit to each other for a desire to secure the best pos sible government for India. He must also express an an xious hope that the two able and distinguished men who were understood to have been mainly instruments! in the drawing up of that petition might continue to give to any future government that might be provided for India tha t able assistance which they had for - so many years given to th e government of the East India Comny ing thus referred to the petition, he entreated No w, i v their lord ships'a to consider in what position the government would Imo boon pima if they had riot propooci a change o f syl, ............. ssee - a5....................5e • tern. The act of idts3 made changes of very eaninidorAble any• R e i m .' in the United Riegdorn may come and dernani megnitnle in the government ef India ant al' iiteas e deli = i ii if he can beat his fellow competitors. What err changes were in the direction of that consummation which meinai, then, ha the way of patronage h he military was now proposed. Te e h ouse wou ld reco ll ec t th e circum- • cadetship s ? As to them, almost all parties at ear agreed that stances under which the measure of 1853 was brought for- one consequence of the recent events will be a couaideratle ward by Lord Ab er d een . Th e t rans f er o f the powers of , dirninutio u o f t h e Dative army, and a corresponding dined* government from the E as t I n di a C om p an y t o the Crown notion of the patronage. All he would say was, that if both was urged upon the governm en t f r om different quarters, 1 houses of Parliament should be dissatisfied with the pro* including if not a large at a ll e vea t s a very influential posal which Lord Palmerston would make, he trusted they party in parliament ; and h e m i g ht appeal t o a d his col- w o uld take into their own hands; the task of proposing leagues iu L net Ab Irde e n' s government w h e th er it was not , seine modification —anything, in ?act, that would get rid of their impression et the ti me th a t suc h a resu lt wou ld e ta. 1 thi s bugbe a r, which would interfere with their doing ass ay mately be inevitable. One o f th e i m m e di a t e e ff e ct s of the with that which was but a mere name and a farce, and as- I change thee male—he re f erre d more especially to the sub- sinning the government o f I ndia in the name of the crown, stitution for a periodical renewal of the chart e r of a simple to which at this moment it legally and practically belonged. provision that the government of India. should remain :V.l He would refer to one other point white r was a good deal was then constituted until parliament determined other- dwelt on out of doors—he meant the time. It was said they wise--one of the immediate effects of that chang e was, ou g ht not to introduce such a bill at this moment. There that it kept the affairs of India more prominently was a belief that 100 years after the battle of Flimsy the 1 and constantly under the attention of Parliament ; and it Cempany's Raj was to come to an end. If a change took was foreseen by every one that circumstances might arise place, the sepoys would believe it was brought about by which would nat ura lly lead t o a fu r th er alteration in the them, and be persuaded they had nothing to do but to re. government of India. During the last three cr four years 'bey in order to bring about a great change ins the govern. they had bad almost constant discussions in Parliament, in merit. He had always thought this ono of the most bine& the press, and . above all, among the great commercial body eni arguments ho had ever heard. He would not dwell oa in the country, with regard to many of those great roe*. the past then. It had been fully shown that our empire had tions of internal government which were of must intereet no t departed. He t rus ted anti believe , ', that if the Conn. to all connected with India. The Chi e f Just i ce a- d ot'nt r pane's Raj was now to give way it erceald give way to the noble lords had reee a t a lly called attention to Ow defeat - i - fet raj of the imp -rial crown, which wil l s hoer cease until one ! a Iministratien of justice in India; and there had also [erne or other of two events takes place —either that they had a great deal of discu ss i on with regard to the tents-,• e of declined in a great degree from 3 ,be valour of those who lend, the growth of cotten, the annenation policy of, Lora. data now the e m pi re , an d l a t e l y ehowe they were able to Dalhousie, this last subject involving one of the rr.ost d di- keep it; and might God speed ahe time when they should crate of all questions, namely, the relations which subsisast have raised the people of ludis, more te the level of theta• between the government of India and the native, states. It selves. (Hear.) was a remarkable feature of these discussions that tall the The Earl of ELLENBOROUGH said that he rose not to complaints which hal been made of the defective state of affairs, or of errors which had been committed. were express any new opinion on, the subject brought under their almost always committea by the opponents of the In 'tact lordships' consideration; h e hail only to repeat whet he had government with the firm and structure of that govern- .xpresseil towards the cle he of last session. He then do merit. Whether this subject were agitated in Ertglaed or dared he rejoicedthey were at the close of ihe session, for if in India, in the coulinerciel cities a i • thi s mint y., ~, • they had been at the commencement h e feared this great Parliament, it was constantly assnmetl that the diefecrtivne: action of , ha government w a s ow i ng to its faultis subject would have bee .e brought b e f ore P arl i ament with e onucture and that the existinc system, instead of being a source ~f view to an imnaediato and summary settlement.; it was strength, was a pet peittlfonntain of embarrassment, mis- even more than the reconstrnetion of the government of understanding, and we. He was sure the house In lie, and he thouiht it highly inexpedient that so great would agree with him thet there could be nothing more dangerous for a government than to have its errors of policy a subject should corns under consideration when there wag attributed to defects in its organic structure. And was it 11J probability, from the continuance of the war, that it at all surprising that there should be a very great amount would receive that, mature deliberation which could alone of prejudice against the government of the East India bring it to a successful issue. (Hear, hear.) At the same gove rn Compa m eny nt was believed ? Let them c nis to be. ider for lndia was eve n a moment what no that time he di s ti nc tl y stated, and he still held, that great w— advantage wou ld b e d erived and great strength imparted- to no change would be made by the bill i n th a t respect— under the dominion of the Crown. Parliament long ago de- the Government of India if it were carried on directly in the (dared that India formed part of the empire of the crown. The name of the Crown. (Hear.) He was still of opinion that a government of the East India Board was a government measure goine e to that extent, only with a few subsidiary al. which was termed in legal phraseology a " government in terations required to carry it into effect, would most mate trust ;" the Company was said to hold India in trust for . really corsduceto the peaceful and satisfactory settlement of the crown. He would not atop to inquire whether any cir camstances could justify the Crown being considered in a the difficulties in which they were involved. He had always state of pupilarity with regard to any of its dominions. , stated that he considered a council of India essential to its But there were two questions which could not be passed good government, but that council should be thoroughly by : first, who were the parties who held I n di a i n tru.at ; independent--(hear) —and he considered that a t l eas t a por. and secondly, what were their powers ? I n re ply t o t h e first question it might be said the partie s were w h e t was trod of it should b e o f an e l ec ti ve c h aracter. The petitioners, called the East India Company, But what was that com- the proprietors of East India stook, had themselves caused pany? They all well knew that it was formeely what its the danger which now threatened the Company —they had name implied, a company of merchants trading with the caused it by their mode of electing directors. If they had East Indies. In that way its authority began, and through m that means was its empir e es t a bli s h e d. P ar li ament h ow- been actuated by p u bli c sp i r it, an d , l oo ki ng around them ever thought it was a mi s t a k e t o m i x u p ques ti ons o f pol i cy forthe ablest men and those of the highest reputation in with questions of commerce, and in 1833 the Court of Di- the Indian service, had placed them among the directors, rectors became mere instruments to assist the ministry of no government would have dared to touch them, and they the day in ruling India. He knew it might be said that would have conciliated the affections and commanded 04 that change removel many of the old objections to the approbation and confidence of the country. It was because system ; but on the) other hand it destroyed many of the they had departed from that rule—because they had been arguments by which were maintained the desirableness and the necessity o f p erpe t ua ti ng th e existing separation led by priv a te i n t eres t s , an d h a d given to canvass what they between the crown an d an em pi re w hi c h b e l onge d t o it, ought to have given to ser v i ces — th a t d anger now threatened t el If the East Indi a C om p an y were no l onger a commerc i a l them. It was this mi scon d uc t on t h eir part which he enabled her Majesty's G o v ernmen t , w ith out any material cise domini on f or corrup t en d s, th ere cou ld body, and ther e f ore no longer had any temptation to exer opposition, to introduce in th e cour t a t th e l ast settlement sac longer be memb any reason why I n di a s h ou ld con ti nue t o b e governe d i n a six fight ers to be appointed by th e C rown . Al t h ougnal manner which led t o so muc h m i sun d ers t an di ng , an d which ho might question the manner in whi c h th e Fewer h must almost everyone admitt e d t o b e a tt en d e d w ith so man y i n - been exercised on one or t wo occas i ons, ye t every one for a moment a t the effect of the Indian mutiny in refer- conveniences. (He ar , hear.) Now let their lordships look admit that there w as more s t reng th , more repu tati on, more that could be tr us t e d i n th e fi ve di rectors appo i n t e d ence to this que s ti on . Hi s no bl e f r i en d w h o presen t e d th e by the Crown, than i n th e w h o l e o f th e o th er t hi rteen ; petition seem e d t o thi n k th a t th e G overnmen t h a d some of the thirteen only th ree h a d any c l a i m at t h e t i me o f charge to bring aga i ns t th e E as t I n di a C ompany, an d th a t their election on accoun t o f serv i ces i n I n di a ; severa l o f it was on that groun d th a t th ey w i s h e d t o a b o li s h t h e pre - them of course h a d s i nce acqu i re d k nowledge and pract ice which rendered th em a Government bad adopted. Th e p rac ti ca l e ff ec t o f th e bets of the court h e ever knew was captain of a skip, who competent. One of the best mum. mutiny would undoubtedly bo this, th a t f or many years t o knew nothing of India b u t w h a t he saw from the deck of come increased attention would be d evo t e d t o many his vessel; but, bei ng an honest and able min, he soon of the most difficult and d e li ca t e ques ti ons re l a ti ng t o became an excellent director. He considered the present the government of India that co u ld p oss ibl y b e ae i- time peculiarly inopport une f or th e cons id era ti on o f thi s toted in Parliament. The qu e sti ons o f th e t enure o f l an d , question. If indeed the r e h a d b een any o b s t ruc ti on on of the administration of j us ti ce , an d o f th e re l a ti ons b e - the part of the court t o th e measures o f t h e governmeat for reinforcing the army—if they had not made themselves, tween the Government of India and the na ti ve p r i nces, ancillary in all respects. to the objects of the government, were questions to which increased attenti on woo l : un _ os. doubtedly be paid in this country, and they would a ll be then there would have b een a necess it y f or an i ns t an t a lt debited with reference to tho s e an om a li es an d f au lt s w hi c h ration. If in such a case he w er e i n th e Mi n i s t r y, h e wo uld every one confessed to exist in the structu re o f th e Indian have called the Parliam e nt t oge th er i ns t an t er , an d ma de change in order to save India. But he bad r hear I Government. To show the reality of their danger, he might even a suggestion that such was the case. nee dludee it was refer to a speech which was delivered by as eminent Mai impossible to conceive it could. The court must have visual in another place towards the clime of the last see- impossible the danger, and he was convinced the G0V011311131 I siou, a speech which was marked by a display of that iniii- tea some influence fu the court, and had only to intimate vidual'a well-known ability. Towards the close of that a wish to have it at once adopted. It was evident that speech allusion was made to what bad, as he holism!, been erroneously called the annexation policy of Lord Dalhousie;such was th e case ; f or b y th e present law, if the Govern. went sent more than 24,000 — except at the request of the and a comparison had been drawn between th e f a ith which Company—they should p ay f or them. The noble baron pane with the native sovereigns and th e f a ith w hi c h wou ld brat been kept by the Government of the East India Com- could not move one m an or one gun without sending to the be kept with them and the imperi a l c rown . N ow , h e cou ld India-house to get the b oar d t o go through the form of )3 conceive no question that required m ore d e li ca t e h and li ng asking for them. Wh en th e bi ll of 18 was before the than that ! and he was convinced that if suc h ma tt ers were house he differed from hi s f t t en d s, and wished it should pass ; he saw that war was l oom i ng, an d advised them to discussed under the present ord er o f thi ngs , th ey wou ld set their hou in order, and not be forced to discuss so always he discussed with reference to those organic changes important a measure when their attention was distracted which it was impossible to deny were demanded, not merely by war. The next year the Crimean war broke out ; Go. for the sake of securing symmetry of form, but by common vernment was pledged to introduce a measure of reform. sense. The East India Company did not deny iu their peti but withdrew it, oa the ground that it could not be properly Lion that some change might naturally ba expected as the considered. They were now involved in a much greater.' result of what had recently occurred; but they maintainsd „„ ar. (Hear.) With iusufficient foroes they were string. that no change ought to be made without a preliminere w glieg with a greater enemy, and yet at this moment they inquiry. It was all very well for his noble friend (Earl Grey) to throw over his clients as he had done that night, were required to reconstr uc t th e w h o l e governmen t o f and to repudiate the course which they roc one ;but India, and also to consid er th a t very re f orm bill ; th e y were desired to take to pi eces th e w h o l e cons tit u ti oa o f th e he submitted to the house that in dealing with th e p e t i- Lion they must deal with it as it wa s laid ou t h e t a bl e , government of India, and at the same ti m e t a ke t o pi eces and must. consider simply the recommend a ti ons w hi c h it , that most hypertext part of the constituti on o f this couu. try which regulated the election of the House of C 01311110114 made, and the alternatives which it placed before them. (Hear.) ll;knew very well what the result would be. He agreed with his noble friend that a preliminary in- When the bill was brought in it would be debated much quiry, tending avowedly to a change in the mode of govern mere than the Government imagined. In the mean. ing India, would produce the most pernicious effects. It by would, he believed, pending th e i nqu i r y, b e i m p ossi bl e t o time they would b e compelled the unani mo us cl prevent popular agitation, not only i n thi s coun t r y, b u t i n i n ref amour of the att orne y s , who were orm than anyb o dy e l se; b y the press, which more interested h India. In support of this remark he would r e f er t o a Jotter they in ; and by the p ressure f rom a f ew earnest which had recently been received from a distingui s h e d m s servant of the East India Company, and which, thoughen, to bring in a me asure o f re f orm. W hen that wa done the passion of all earties would be so mu c h exc it e d the letter was written on a different subject, had an un fortunate bearing on this question. Their lordships would, that attention would n o l onger b e pa id to t h e details of the no doubt, recollect that one of the charges—he must say measure for regulating the G overnmen t o f I n di a, an d whiles one of the most scandalous charges—made against Lord they were involved in a party quarre l th e Government of India would slip from their hands. (Hear.) Before they Canning was that during the period of the mutiny he had engaged in the consideration of this measure he entreated given some civil employment to a gentleman of the Ma them to consider what their position in India really was. homedan faith—a gentleman who was, he believed, as faithful to the crown as any one of the Europeans now re- They had been told fortnight after fortnight, as each t e l e .. silent in India. It was considered by the Government of graphic message had arrived, that the head of the mutiny India that this gentleman could be of service in a particu- was broken, that it was crushed, yet the mutiny still ex. lay pert of India, and therefore he was appointed, but the rated. They had just heard that Sir C o lin Campbell had appointment was met by a shout of indignation from those taken Furruckabad. He had reason to know what was the who were called the Calcutta public. By the last mail exact force under the Commander-in-Chief, under General there had come from Lord Canning a defence of th a t a p- Outrun and under Col. S ea t on , on D er . 7. At th a t date pointment—a defence which he (the Duke of A rg yll) be the total force with Sir C. C am pb e ll was 11,030 men , exe i 36 lieved to be quite unnecessary—end among the do c um e nt s ve of the artillery, wh o served forwarded from guns. From that sent was a letter from a gentleman residing in th e c ity o f period till Dec. °O, 2:30 men a d a y were Calcutta by dak s . All th ese wou ld h ave arr i ve d b y th e Patna, where the Mahomedau gentleman referred t o oxen day Furruckabad was taken. He had left two regiments cieed his office. The writer of this letter said : M v " - an s at Beneres, so that the whole force at his disposal for field people endeavour to persuade themselves that the natives are not aware of the contents of the E ng li s h p a p ers , an d operations would be a t th e ou t s id e 17,500 naen . Th e G o - Vernon General of India may h aves h own energ y an d a bility that so far as they are concerned, it i s i mma t er i a l what (parliament said he had, and Parliament must be right) its appears in these publications ;but this is a verygreat mis summoning to his aid as may troops as possible, and in take. The English papers have for many years past formed providing land carriage for the detachments mentioned, the source to which the native news-writers and the native but these qualities had not enabled him to provide 6,5 . 9t1 papers look for their intelligonee of our movements and with the carriage, without which they could not move. w ill. intentions. Since this revolt commenced the greatest point of fact, Sir Colin Campbell, after his uviastaory, had anxiety has been manifested to learn what the English detained a whole fortnight at Cawnpore, be au se he Did it appear that a single mile papers say, and every one fortunate enough to get old i of not the means of moving. an English paper is called upon to translate it for the i eecnie of the new cavalry regime nts fi was yet mounted ? Hail t for ter vice ? Was a single one fication of large circles of listeners, who againeetts. 1 It they a single horse sent out yet horsed ? Elephants were news and comments of the journals in their villages. of the . batteries came to my notice accidentally, the other day, t . h n at the essential during the rains, yet not a single alephanti Nujeebs at Mozufferpore were in the habit of ham gme was sent up till the rains were over. In dry weather camels were very useful. They might have Mounted cavall y Enelish papers translated to them, and . there can be no armed with lances on them ; but no camels were pro. doubt that whatever appears in the English papers which vidcd. If they could not have got horses, even bullock* in any way servo the purposes . of the . disaff d e a dt u red t a: would have been useful. They were told it was a mutiny s c ie n e e d is i e l made known to them by their agents in u i . 0 to le crid and not a revolution, and yet at this moment Sir C. Camp. y where. To suppose that it can be otherwise blindness bell held nothing on the left bank of the Ganges above give our enemies credit for a degree of wilful re tr Their in- negligence which forms no part of the e i o r n ch r a em e Allahabad. Between Allahabad and Benares he hat telligence department has always b character, good, intentions," and they certainly would not neglect the most simple and nothing but the hi g h roa d ou which his detachments moved♦ obvious means of ascertaining our views and , they held nothi ng on th e r i g h t bank of the Jumna. The Ho would not continue quoting, but he would observe whole of C e nt ra l I n di a was up against them, and the armie* that even of the princ es oho had rem a i ne d f a ithf u l h a d revolted! the writer dwelt very strongly on the danger to England which would arise if there was an agitation of the question against thei r mas t ers . A co l umn under Colonel Duran t had done excellent ser v i c e, an d re li eve d N eemuc h; b u t of the form of government in the Indian press. Now, he Nor must remind their lordships that if there were an y delay they had no f orce a bl e t o c l ear th e r i g ht b an k o f th e N o r brulda. Saugor had never been i slaved. They tai lately in this matter they would have hereafter to deal with the heard of an outbreak at Oodypore ; they would be obliged . question under circumstances which did not at present exist all through Central India not merely to relieve the e ir gai_l o. l and which would tend to increase the danger attending the sons, but also to appear in force to re-establish ate the m . settlement of it. He had no knowledge of the intentions rity of those princes who had remained faithfulhad not w. of Lord Canning or the Indian Government in reference i to bsin ta n l e cen * the relaxations of the present restrictions whichon the Fur all this they required an army which they He should like to know what I were Tr e ‘ a n s u n ui re ber of men sfifficient press; but he knew that in the address Le hiilu i r n dsh ia ip n to ensure a continuous s e u s ppyo which were absolutely necessary made in reference to those restrictions e observed that it to execute the measur Iput down th ) to restore their authotity ant was not without great reluctance that any wan who had breathed the free air of English life could recommend such noble baron bad told them there was a continuous supply month ; but he doubted who tier such a step to the English legislature, mid he ent i e i rtain h e e d w i t i i t u t i l d e of 1,000 men he a doubt that whenever he considered it safe to . o so this hand the case. T . irfirst duty was to rtnestablish tlrielrempWirs: and authority of the princes who hail been faithful When remove the restrictions which now existed. When . that was done, anti they stood sovereign in the country,. lit 'seen done, however, there would doubtless be an o , plosion weary be time to think of framing a now government. change That had always been his opinion, arid he trusted it would of those passions which had long been pent upeand . if, there fore, there wore any delay, the question of au organic . become that of her Majesty's G overnment. They had to m wi t t t h a a y. re l v f o it lu w ti o o ro n ip e in the Government of India might have to be considered in t was il'in o y nl b y u a t under circumstances of great disadvantage, Indian em p i re. a poe t - He contend w iw i shed e n d o h t em coulder el thinkw i t with i . , es r o i: u s u o t o r n y R o s t, g tae t enemy v o w was putreturned ti d o w tou tree peril, to the best interests of our . itsiu the former field condition.t he whol 0 Now, on all these grounds he maintained that if they had But did any man think u t r la n a e t during any existing life, made up their minds—and het c h o o s u e gh t t h h ot e indications that such was the some change, it was desir tshaew sl a m ' : l t i a 8 ;0 11 of an Englishman, still less an Englishwoman, would be able to ass throughrequired shouldbethe the country with the feeling of that of making in security and reality of security which they had enjoyed. East India Company dreaded, Let them first change for the last one hundred years? The beautiful cme fidenee between them and the natives had gene. the first insta nce a Change of Delray. let them proceed, with the system of strong,Government, an d united, and unassailable Go- he would not say for ever, but it had gone during the assistance of a the • the life of living men. When they read inn vernment, to deal wiselymustheand considerately with the great raised. (Hear, hear.) In speaking terestiog, but painful letters written by persons who h ad questions that introducing party politics into Indian fled for their lives, they could not doubt the people were of the danger of against them ; they were hunted from village to village, questions, the noble earl (Earl Grey) drew a contrast be in which the Governor-General was tween the manner stripped, forced to fly, and but rarely found a faithful as. appointed and the manner in which Lord Terrine was minder to shelter them. It was not a mere hunting of them;the en s • ••Lord Torrington was, of course, appointed n by fiendish a'rocities committed were such as Lad appointed. the Crown ; but every one knew that, practically, Lord never been heard of a, before. He had read o f men b e i n g e ing was also appointed. by the C rown ; and he had t or t ure d, h e h a d rea d of injuries done to wom e n, but nev e r i - i - ort i he slightest doubt that if Lord Canning were guilty in his life before had he read of cruelti es p rac ti se d on c hil. of any act of doubtful character, it would immediately be dren. They had heard of children dying of thirst under made a question of party politics, as Lord Torn inetou' B the sun of India, and not allow e d t o t a k e a d rop of water conduct was. Party politi cs was , h e considered. a, nacre from a village well. S uc h i n t ense international hatrede bugbear in this case; it was one o f t h ose objections to must have proceeded from some deeply seated cause.l, change which peopl e h a d gone on repeating again and believed there was such a cause, and on a future occas again, because they cou ld no t perce i ve that the circum- he would give their lordships his views on it. One circum. _ stances under whi c h th e o bj ect i on applied were wholly stance was the apprehension excited in the natives by the different from those of the present day. There was another spirit of proselytism which was abroad, not directly sane question which had great influence in this matter not boned by the C o oy ffi e o r e nue ou e i nt,but which, being practised bet 1 high authority, assumed all the . perhaps in that house, but certainly out of doors- he meant persons in high the question of party politics. Ile would not anticipate rosily:OW"! "I . appearance and . carried all the weight of a °overpraise! the measure of the Government, but he did entreat their act. He was himself well aware that the th privation rent-free tenures had involved in many cases je believed lordships to remember what the case with regard to patron d the dismiss_ age really was. Here, again, was another instance of tra- o of fi r ) rop h e a r t ty inherited from distant ancestors. -Ls t the recent further annexatim as? a rivalry might , ditional feeling. Tyra patronage in India, which was I really lucrative and important, had long been practically Pearanco of the only remaining p o t ri ion teropt for. the, . have greatly increased that feeling is in the hands of the Government in India, and it ought to es in Budelcund, audit remain there. (Hear.) The patronage which took place in that feeling had produced; !si t u i.. h id Lot know this this country was not a patronage to place but a patronage natives laid to the charge of theire-7untrymen. He knew might have tended to the ( 7„, et es n a me might effect pp: to service ; the Government did not appoint to place, but the substittition ° i f f the civil service, but he believe( they appointed to service. One of the great changes in reducing is We officers a better 1853 was the throwing open to competition of the whole . frsul4 have she a' . civil service of the East India Company, Any man from 4"" ` --- "ng in the heart ev t of p MINES. 11 - 12 6 - 7 80 - :40 450 - 470 97i -102 k 16 - 17 4 - 6 11 - 1 - 1# 10 - 11 16 - 17 4 6 20 - 21 4 - 5 1i - 1i 30 - 370 5 - 5i 240 - 260 1 - 11 41 - 4i ..• - ••• 11 - lA 24A - 24 105 - 115 220 - 240 320 - 350 7t - Si 13 - 14 44 - 48 22 - 24 MINE& i - hd-ip li - 24 •.. - ••• 12 - 13 ..d 39 41 12 14 as —1) id 16 17 8 9i di 4 - •.. ••• 5 - 6 - ,1 4i 41 311SCELLANE017S. 27 - 28 2i - 2i 4 - 5 35 7 40 11;ji - 114 27 - 32 24 - 26 - 4j - 41 ••• --- ••• 4 - 51 103 - 10,J ••• -- ... lf - 14 ••• - .. 4 -4 i. •••1 lid ••• 1 3} 3i ••• - .. 8 - 9. - I . 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