The Daily Times.
Liverpool, Merseyside, England, 1861-01-16 00:00:00

who acted thus would be thought insane ;
but if a tenth part of the official reports as to the
capabilities of India is trae, this is precisely
what England is doing in India." In short, if
we would seize the only way of escape from the
dilemma into which we have fallen, we must
courageously resolve to raise and invest the
requisite amount of cash in sound and thOroughly
useful public works in India. Thus only may
We restore that country to prosperity.
Last, not least; it is imperatively- the duty of
the people of England to rouse themselves to a
due and adequate sense of the importance and
interest which properly belong to the subject of
our Indian finances. This question does not
escite drat amount of popular attention which
properly belongs to it. We have, of late, been
too much accustomed to listen to annual state-
ments of deficiencies of millions sterling ; and
Indian finance generally haik 'come to be looked
• t
Upon as seine hopeless puzzle, to attempt to un-
riddle which were as vain as its accomplishment
Would be profitless. In the outset the subject
may seem dry and even reptilsiA‘-e;l4it it certainly
• involk-eS no mystery; and its eOnitilete mastery is
Most troth t.f 1 to the honour and welfare of Great
Britain. The most cursory student may discover
that some radical change in our Indian financial
policy is absolutely necessary. If we have failed
to point out the true restorative, we shall be
happy to sit at the feet of any GAMALIEL who
shall teach as higher wisdom.

FOREIGN INTELLIGENCE

FRANCE:
Our 'Usual Paris letter had not tottie to hand up
to our geint

DENMARK.
THE QUESTION OF TIIE DUCHIES.
(ito-st O 1 RESPONDENT.)

COPENHAGEN, Jan. 8, 1861.

The King has taken advantage of a short visit
to Copenhagen to preside over a meeting of the
Council of State, in which the affairs of the
Duchies, and the conflict with the Federal Diet
regarding them, (Vern tiiacte 'the subject :of the
gravest 4tiberatimr. ThOSe persons who are
generally best inforMed, aster t that the Members
"Of the Council came to a nnaiiiniotlis decisiOn that
the GoVerainent Might tO adhere aillZ:onfine itself
to the tilraisositioL2.l Which Mr. Hall communicated
to Mr. Paget, the British Minister at Copenhagen,
in the conferences which he had with the latter
at the request of Lord John Russell ; and his
Majesty is determined to act on this advice.
According to these propositions, the Danish
Government, in order to give to Holstein a posi-
tion which permits of the ilolstelners waiting
quietly fdi ik &Orb faVourable opportunity for the
definitive settlement Of it's retatiOns i'ne
Monarchy=-but tinder the eXpresO 'hon.ditioti that
the Diet of Frankfort shalt Cease to menace Den-
mark wtth etliy Vederal action in the matter—is
willing to consent that, for the future, no new
law shall be passed affecting the
.inhabitants of
the Duchy, except With the ConCtrimice of the
States Of the Duchy. It is proposed, at the same
titnie that the sum to be annually contributed by
Holstein as its quota of the common expenses of
the kingdom shall be fixed at 850,000 crowns, and
that, in the event of any sum beyond that amount
being demanded from the inhabitants in order to
meet any extraordinary expenditure which the
Sovereign State may find it necessary to inenr,
such additional stun shall iidt l e'evied excepting
with the vonsent of the States.