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

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LONDON, SATURDAY, NOVEMBER 28, 1857. STAMPED .... SIXFIVEPE NCPENCE.
lINSTAMPEDE

tte Vrtss.

ginning with the engagement at Bolund-
shuher, going on to the capture of Malaghur,
following that by the victory at Allyghur, and
crowning all by the rout of the whole rebel
army at Agra, with the loss of all their camp
equipage, treasure, and guns. We only hope
that neither sickness nor the bullet will
interrupt the career of this gallant solder, who
if he lives is destined to be as great an
honour to his profession in the highest grades
of it as he has always been in ishose which he
has hitherto filled. It is impossible to say
more of one who has long been known as one
of the finest officers in the service of the
Queen.
But what we believe will give more life and
heart to the nation than even these victories,
thrilling as they are, is a statement that has
not been transmitted to us from India, but has
emanated from Printing-house-square. This
is, that the Ministers early in the ensuing
session are about to bring forward a measure
for the abolition of the Company and the
transfer of the whole government of India to
the Crown. This was in substance the prop°.
sition of the Conservative leader in the
Commons in his speech of July last ; and it
has always been advocated by this Journal
from its first establishment. It might have
been wiser in the Ministers to accept at the
outset a position which they have been com-
pelled to adopt at last ; but we are not dis
posed to twit those who come round to our
opinions with the hostility they have exhibited
to them in former times. The party politician
might feel angry that others should reap where
he has sown ; but the journalist and the states-
man will be content to see their principles
triumph, and feel, the glory all the greater
that they are eventually given effect to by
hostile hands. For however gratifying the
pleasure of carrying through in office a measure
originated by oneself, far more conspicuous is
the honour of seeing its enforced adoption by
the Ministers by whom it has been hitherto
opposed. Such are the feelings with
which we view the spectacle of Lord PAL-
MERSTON and his official organs turning round
and announcing the destruction of that Com-
pany which he gave a peerage to MACAULAY to
defend ; whose sins he has so much shared,
from the Affghan war which he created to the
fatal seizure of Oude ; and on whose admirable,
and paternal, and beneficent Government he but
a few short weeks since so fondly dwelt

vants, the highest-minded of the Crown's-411
fell alike under their displeasure, were objects
of their hatred, and paid them back in return
by their contempt. In fact, the best argument
the friends of the Directors now produce for
them is that they have always been a drag-
chain upon the Government abroad. Sordid
mediocrity has ever been their character, till
at last even by the Hindoos themselves they
are despised. To maintain such a body longer
would have been an insult to the nation, and
they will properly be swept away. Then can
we face the Indian revolt as a united pc:
for then we shall be striving, not for a
of government that is hateful and absurd, but
for our Sovereign's royal right and crown.
Then it will be no longer India for the Civil
Service, but India for the English ; and, from
the banks of the Thames to the banks of the
Ganges, all who really desire the advancement
of the country will rally to the cry. Then
shall we be able calmly to approach the ques-
tion of India's future, the main point of dif•
ferenee regarding it being removed. Then
may we hope not only to crush the rebellion
which rages there, and bring back peace to
her shores, but we shall be able to do that
without which success would afford little joy
to us—to heal the divisions of our fellow-
countrymen, and restore loyalty and sena-
donee among those of our fellow-subjects who
are of our own colour and blood.

LONDON, SATURDAY, NOVEMBER 28, 1857.

Tus telegrams this week concerning India are
rather more difficult of comprehension than
usual, and even when intelligible they have
ceased to be reliable as accurate summaries of
the Indian news. It will be necessary to wait,
therefore, for more detailed information before
we can judge correctly of the present state of
things in India. For instance, it will make an
immense difference to us whether the Main-
rajah of Oralius is meant to stand for the
Maharajah of Gwalior or the Rajah of Orai ;
whether the people of Ahepursaub, on whose
feelings the protracted nature of the contest
is beginning to tell, are the people of the Pun-
jaub;, and to what extent the reports are reli-
able of threatened disturbances at Hydrabad.
In short, whether we are to have rebellions in
SCINDIA'S country, the Punjaub, and the
Nizam's country to quell, in addition to our
new enemy, MALIN SINGH, and the balance of the
sepoy mutineers. It would also be satisfac-
tory to know how much of the revenue has
been paid up in the Meerat districts. Scarcely
enough, we suspect, to make it of sufficient
importance to find place in the Foreign-office
telegraphic despatch. One point we see men-
tioned which confirms what we stated lately
regarding the urgent want of transport in
Bengal. A couple of ships have been sent to
Rangoon to bring elephants ; and it is need-
less to observe how hard pressed they must
be for carriage when they are compelled to
resort to such shifts as these. We further
see that the mutinous spirit in the army has
not yet been subdued, for news of fresh out-
breaks and murdering of officers has been
brought by the present mail.
But though in regard to many points the
telegrams leave us doubtful, there is one on
which they are explicit enough, and that is a
point that will bring joy to every heart. It is
the account of the series of glorious victories
achieved by Colonel GREATHED, the news of
which is all the more acceptable because the
previous letters from Delhi did not warrant
our expecting that he would be in force suffi-
cient to perform such acts. Nor do
we think that under the general run of
commanders such a series of exploits could
have been looked for by any man. But Colonel
GREATHED is a soldier of no common order.
Vigorous, active, in the prime of manhood, a
bold rider, and an excellent shot—one of the
very best officers in one of the very best regi-
ments in her Majesty's service—the Bth, the
who know him must have felt that
he wanted nothing but what the soldier so
often sighs for in vain, a fitting opportunity,
to show himself a worthy successor of the old
heroes of England who have won for them-
selves and their country immortal fame. It
would be difficult anywhere to instance a more
dashing and more brilliant series of opera-
tions than those by Colonel GREATHND , be-
LATEST EDITION.

THE COMMERCIAL CRISIS NOT A
QUESTION OF CURRENCY.
THE last half-year has been crowded with
political lessons to the English people on sub-
jects with which they have little familiarity,
and yet the greatest need of familiarity. Little
as we knew of the great dependency of which
our thoughts have recently been so full, there
was perhaps one, and only one, branch of
domestic politics on which we have in general
been even more ignorant and more inaccessible
to intelligent thought than the subject of India
itself, and that branch is the relation of exchange
to the great instrument of exchange. All sorts
of dreams of the imaginary power of a circu-
lating medium over the transactions in which
a circulating medium is used have, at fixed in-
tervals, overflowed the English press, and yet
there is probably no subject on which sensible
and thinking men are more completely the
victims of any fanatical theorists we can

In itself, however, the proposal is an
excellent one, an I the Old Lady of Leaden-
hall-street will die unwept and unpitied by all.
It has been the fashion to say that the Com.
pany won for us India, but that is not the fact.
India has been won for us in spite of the Com-
pany, by Crown appointed governors, by
Crown-appointed generals, and, for the most
part, by the soldiers of the Royal army, who
have borne the brunt of every battle from
the earliest period to the present. Those,
members, too, of the Company's ser-
vice] who have most distinguished themselves
have not in general been the Directors' pro-
tégés. They have been unf►iended men
selected by the Governor-General for the
offices in which they have made their name
All that has been done by the Company has
been to thwart, and try and drive from office,
every leading public functionary in India who
has been opposed to their monopolies, their
nepotism, and their jobs. WELLESLEY, and
ELLENBOROUGH, and N kPLEB, and METCALFE,
and Ross—the most liberal of their own ser-

let us say fanatical

scarcely call
empirics—who choose
gandists of some tyrannical

mercial ills. On all sides

some new panacea for avoiding
with the mere medium of
cial evils which lie deep

determining the producti,
productive, investment of

And now Parliament is summoned

extraordinary session in

the Bank of England for a

and urgent as we hold it to

monly supposed to have far more causta con•
nection with our commercial embarrassment

to become props-
,cal specific for con-
I we are pressed ,
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