The Express.
London, England, 1847-08-24 00:00:00

o~w ?mss" =yi_. ~~~
-L~

India, and by convulsing society blow all these sub-
ordinate arrangements to the winds.
The revenue of British India appears to have been
for some time—though the inexplicable manner 'to
the uninitiated) in which the accounts are stated
renders the exact balance of receipt and expenditure
unattainable—inadequate to meet the outlay. Re-
trenchment, of course, is felt to be necessary, and has
very
_properly been attempted. But unfortunately,
the Indian government has deemed it ex-
pedient to make almost all its reductions
in the military establishment. Large diminutions hays
been made in the native armies of the three presiden-
cies. The police battalions of Meerut, Rohilcund,
Delhi, and Agra, have been disbanded. And it is
even understood that Lord HARDINGE his recom-
mended that the number of Queen's regiments in the.
Company's service should be reduced to eighteen. By
this last act of retrenchment alone it is boasted that 30
lace per annum will be thrown free to be expended
in public works. The economists who are urging on
these retrenchments appear to forget that it is by oar
army we hold India. The civil government we
have conferred upon that country—with all its short-
comings infinitely preferable to any it ever before en-
joyed—is powerful for good only so long as the army
is strong enough to make it obeyed. Our dominions
are not so homogeneous that we can dispense
with ph yW.ml forte, and trust to moral influences
for obtence. They are everywhere intersected
and surrounded by independent or semi-rods.
pendent powers, which only wait an opportunity
to show their enmity. Nothing but the un-
equalled heroism of our troops, and the lucky acci-
dent of a number of commanders, skilful and brave
above the average, being assembled at the same time in,
1 India, saved us from the fatal consequences of keeping
on foot an inadequate military force, in the war on the
Butlej. But though pliant and highly-disciplined •
troops, rising with the oocamen, may, almost by a mi-
racle, repel an apparently overwhelming attack, their.
physical and moral energies will succumb in a pea,
4 Waded simiggle ta=urve in a semi-barbeeene
and incelliddi • K. • aombets are immilo..
pmts. It IS • 4a " ley of Owe mei
ducen.l.g the army, that: neweiifiliii being ex-,
pended on public world, railway memaneiredietz4
will be introduced, and that- gm tits bee
creased facility of moving tromp will mar,
ble one regiment to do the duty of autop,
This is true; but it is premature to reduce the may
to the strength which will be sufficient when rail-
roads are completed, before they are begun.
The mercantile intelligence from India by this mail,
has been expected with considerable anxiety. With-;
out being of an alarming character, it is scarcely cal- .
culated to restore confidence. Demand was dull is.:
the import markets, and equally so in thaw ,
of the staple articles of exportable prim.
This appears in part to have been owing to ,
speculation having been turned almost exclusively in
the direction of rice by a belief that last year's scarcity
of cereals in Europe would continue to affect the pre..
sent. This tendency of the market not only dimi-
nished the demand for other articles of export, but, by
engrossing freights for theconveyance of rice, increased
the rates so as to discourage operations in sugars, &c.
Conjoined with this, was a spirit of distrust in the -
Indian money market. The banks maintained their
highest rates of discount and interest. Such news
cannot fail to have a depressing effect at a moment
when the derangements occasioned by miscalcu-
lated speculations (by regular dealers, and still
more by amateur adventurers) in oem are felt
or feared in so many ramifications of limi-
ness. It would be vain to attempt to conceal
this, and unwise as vain. The truth is, that we ars
entering upon a season of difficulty, and it is moss-
' eery to look it straight in the face. This may be
done : for if due caution is observed, and panic
avoided, we shall escape with a passing squeeze. Tke
source of the evil is the deranged distribution of
capital through employments ; caused mainly by the
late scarcity, increased, perhaps, by some ill-judged
attempts to counteract the evil by artificial tampering
with the natural operations of credit.

Jr England have neglected her great writers when
living she has not been mindless of them after death.
For a practical and money-loving people we are ra-
ther enthusiastic pilgrims to the shrines of the great
dead, whether at home or abroad. The Americans
shire with us in this Anglo-Saxon trait; but the
names of English tourists in the albums at Ferney,
Verlaine, Waterloo, and the other " stations" of the
same kind, which lie in the common tourist's track,
probably outnumber those of all other nations put
together. Even at home, a similar enthusiasm is not
rare, though, of mane we neglect the haunts, and
homes, and tombs of the departed great in England,
in comparison with those of foreign countries, just se
we pass by the landscape glories of Westmoreland
and the Highlands to look far beauty and sublimity
in Italy and Switzerland. If the religio loci have
had from Graoedieu, and Penshurst, and Newstasii,
Ikea the Leasowes and from Strawberry-hill, Stselfte6l-
upon Avon, with fiIIAKOPEARE'II tomb and bust in its
church and fiIiAKBPSAIIIeB house in its streets, has '
been for a century a frequented place of pilgrimage,-11
literary Loretto—to which England and America have
sent devotees to the tune of 801. or 1001. a year in fees.
Everyone was startled at first to hear of the pro-
posed ads of SHAISPEARE'S house. Then came ludi-
sem past=itut Trans-Atlantic showmen, with
al rams "ng it to America. And soon after
alas-simile m lof the house was announced at thr;
Surrey Zoological Gardens, a topographical lion
among lions zoological, as if the proprietor had taken
a hint from the rumoured design of the American
speculator. All this show and parade threw a sort of
ridicule round the matter. But we find now that
BILAXIIPEARE'II so-called birth-place in Henley-street,
Illsadard-on-Avon, is to be sold, and sold by auction,
sis Its 16th of September next. The Stratford corn-
EOM have already purchased adjoining tenements,
Sim* originally part of the house in Henley-
street, which has once the jubilee in 1762
=Oas that in which the " Swan of Avon "
pened his eyes on the light. They have
been active in forming a London committee to
aid them in purehuing the house itself, which must
:slay auction. Application war originally made to
rernment to come forward with the necessary
feeds. Lord Moarirrn, on the part of the Woods
sad Forests, declined making any such advance, be-
' clause he considered each a purchase "an affair of
the nation." He promised, however, that government
would take eare oT it, if the nation would buy it. If
ministers do not think such a purchase a proper
application of public money, let them say P. But
the terms chosen by Lord Mortrtrn are absurd, and
expreas the very reverse of what we suppose is his
meanin
If the g. purchase be an affair of the nation, is the
nation better represented by a list of subscribers or by
the government ?
It is precisely because the purchase is a national
affair that it seems to offer a good opportunity for
the government to come forward with the purchase
money.
The government erects national monuments, and
very bad ones. SHARBPEARE'S house is a national
monument ready made. Why should it not be paid
for out of the nation's money, by the nation's fano-
tionaries !
The proposition
.of the Woods and Forests to take
care of the boom is amusingly cool. It means that
they are peelbstly willing to put in a decayed butler
of Lordllds,or an sick valet of the Duke of That,
as heomissem aid to pay him so ma per annum
out 4 the oalka's mow ; in a word to get a little
WO mg amy ny Weis. Th e sob-
nay •tliguilatrigestwakost,
bet Soy aught vili _ yto AL!
lhasabscentmejtopiladhous Ist
!sweated for VW }mho& IA themedlsot
tea fhnd, out of Ade
.the Mot, be Ilice7e.
ay
repalr, and a respeotolELlMit living mor
neat it, at aims time, •
trout mad tba fair
Writ @holm& of shsorwonsa. A soggssiiia:
iartmde. la wlsellthlWelth this part of
subjas‘ishiek is woe weft dateaties. If !
12L,
,
can be *titi to fund* a rooms 4 Ma a ..
,_ ~.., ..,,,.: 4
why sbasiM sat the amittly of thabsems be u,„: . -....... 4
tomes worthy wmmeat dramatis weiter, who GO
deemed well at the pub& hands, sod Is wham OW
place would fund* a congenial retreat in Ilse et. 1114, 1;
of his days ? ! , • ~
The Leedom, .
sasolist is asosuest4.
Immto Timm oP
etlit
as' a
• ,
atia sopti:1;• &
rtesiosss who bare

isiyiadose audience,

~ ..,
- ..4.... r.
. ... . .......,.., ..
......., to be st the Tbotebeit.
•et Illerelay nest, hr dr ,_- :
a
ilea Mowers it
• • •
......;t4t:;,:414.3
rt WOW of ' - ":41ti --r• •m >
tree vemetap " eter ea
- . -
Smith sol- Othello • ,- . % - -
Klionce, as they Host th
t•t •' e i
- - -
•
fr Or