The Express.
London, England, 1857-10-17 00:00:00

THE VERILY PRESS.

" Looking," lays the Beoftinist," to all the beet
end ecknowledged testa of our monetary condition, there Is
certainly nothing to justify the alarm which appears to have
existed. This, however, is a question eltogether apart from
a high rate of discount, which experience has abundantly
proved is not incompatible with sound and even with
profitable business. The bullion still in the Bank
stands at 10,110,00 W., while only in April lest it
was as low as 9,065,0001. ; and the reserve of metes
is 4,024,0001., while la April it was 3,044,0001. That some
further reduction will take place is probable, if not meshy
both by the payment of the dividends end is consequence
of shipments of gold to the United States; but, on the
other hand, already considerable arrivals of gold have taken
place, and other shipments ere known to be nearly doe.
Indeed, it will be seen upon examination that large an:vets
from Australia usually take place during the months of No-
vember and December. But our future prospects probably de-
pend much more upon other countries than upon this. If we
bad only the condition of our own trade and finance to look to,
the future would be lees einbarramed with doubt
and difficulty. Bet so closely united now are the
monetary transectione of all the great commercial
countries in the world, that whatever affects one,
lase or more affects the whole. Looking only n the trade of
this country, the great extent of our exports, being at the
rate of more than 130,000,0001. in the year, together with
other Lets, lead to a well-founded conviction that probably
never at any other time was so large a balan. i due by other
countries to this. Considering, therefor.•, the probable
amount of the claim that may be made upon sea, that fact is
most 'souring. But it fie not enough to prevent a temporary
inconvenience. Securities common to this end other ms-kets
may find their way here to an inconvenient amount:—mer-
cantile credits will be used to their full extent, and foreign
bills will be discoonted In order to aid houses abroad."

The United Service Gazette says: The volun-
teer mania has died out—Lad Penmure has declined to re-
cognise the martial spirit of the counters end the wanting.
house, pertly because he thinks the government can do
without amateur soldiers, and partly because they would be
difficult to deal with. Hat the But India Directors are open
to offers of service, and ws really think they would do well
to accept of as many educated volunteers u they can collect.
At the different presidencies volunteer corps have been formed
with a liberal scale of allowancce and andations of rs"k,
and we hear good amounts of the service they have neutered
In inspiring the communities with a sense of security in the
midst of a common and 'palpable danger. Amanitas of
strength to those corps con only be obtained, to any reason-
ble extent, in this country; and es we feel madded that their
ability in the various civil departments of the goveriment
would outlive the occasion for their military employment, we
would strongly wire the India home authorities not to nag-
lest the opportunity of obtaining such an accession to their
power of governing well."

Herapoth thinks that railway companies are more
rabid in competition than they have ever been. "They ere
jest like so many rooks each endeavouring to plunder the
other. We suspected that this dishonest disposition lay with
the railway board., but a director who takes an active part
in hie company assured us that it was not so, that it all lay
with the tretlic managere,and that if the boards wee criminals
they were passive criminels. According to this gentle-
man the traffic managers change the rates and tariffs
as they please, and rarely, if ever, consult their
Boards. If therefore, two of these ;managers belonging to
neighbouring companies should happen to disagree they
forthwith commence ' digging' into each other's sides, re-
gardless of the consequences to those whose pockets have
to suffer. Railway directors It NMI rarely look into the
canoes and expediency of any change, but meet, take their
fees, end yield to whatever thetr managers adopt. Than
competitions are begun, good feelings made bad, bed toads
worse, and ruinous tariffs adopted."

We (Leader) believe that the cabinet has not
withdrawn its contidenoe from Lord Canning. On the con-
trary, the fsabion is to talk of hint as the very man for the
crisis. The East India Compsay, perhaps, holds ► different
opinion ; but this Is not the time, we should think, which the
Court of Directors would choose for coming into violent con-
tact with the Board of Control. The company is in need of
assistanos. The million sterling borrowed from the Bank
will go a very little way towards meeting the demand fiten
India. There is a rumour that the Indian railway deposits
will be applied as a temporary accommodation. Mip go-
vernment, we presume, would In that case promise an indem-
nity. Probably wow arrangement will be made through lie.
V. Smith, with the Treasury. We have reason to think that ell
the reports in circulation as to the intentions of the govern-
meld with respect to Indian Reform are premature. The ques-
tion la not one that will yet arise. Redoubt it launder general
consideration ; indeed, we do not anticipate any obstinate ad-
hesion, spinet the sense of the country, to the t tieing form
of Anglo-Indian administration. It is impossible but that
Lord Palmerston should have roooviieed the defects of the
eyotem, and addressed himself at least to a review of the
whole subject. But there is no necemity for precipitation.
Parliament will not meet before February, according to pre-
sent arrangemeata. The question of a Leadenhall-street
Loan may then be raised. This will open the way to a dis-
mission; but the utmost that can be expected fir that the
party Insisting upon Indies Reform may exam a pledge that
the cabinet will reconsider the problem of a doable or a sim-
plified government.
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The Saturday Review complains that the Church I
Miasionsry Society, in their recent minute, suggests a mea-
Mt of such a character as "to make us wonder whether
India is really a whit better understood in Europe than it
was in the days of Marco Polo." The reform suggested Is
the extension of a legislative act, directed against obscene
repmentationa, to all the temples of India. " Now we are
persuaded that there le not a single llindoo temple from the
Himalaya to Cape Comorin in which some kind of impure
symbolism cannot be detected. Is it really proposed to
send the ornate of government, with chisel and white-
wash, into every one of these sacred buildings—with a
guard of &pops, we presume, on the outside to protect the
verkmen from molestation ? The notion which the society
hie fathered comes, of course, from its local missionaries,
and Is prat:ably directed against a particular set of idolatrous
cemmamise, which ere more than ordirsully popeler In
Bengal andabont Calcutta. But their object is well known.
It is to mean fertility in man iage ; and in a country in
which the birth of legitimate children is the central
idea of all law and all usage--of everything In this
world and in the next—we can hardly conceive a
grower form of religious persecution than the forcible
*oppression of rite, however degrading, by which the
perpetuity of the family is supposed to be seemed. No
doubt the view of the missionariee commands our sym-
pathy. The impurity of Brahminism is a proof of its low
moral standing, even among false religions; and we as
easily believe that the foul symbols complained of see a sore
hindrance to the Christian progress of the hatf•oonveetad
Hicidoo. Bat the last half of the route to troth most be
got over, like the Ent, by free conviction, end not by form.
We cannot tum iconoclasts in India. We cannot and we
dare not; and if, m Habitats us Siero asserts, we are too
good for the country, our course is dear, and we must leave
it. In fairness, too, it ought to be said that an Impure
Pantheon has net necemenly the same effect on those who
reverence It ea on those who reject and abhor It. Let it
not be forgotten that Mr. Spooner and his friends see the
grossest Immorality he manuals of praotice which the meet
numerous sect of Christians reed habitually without thought
of offence."

"On the vitalsubjectordrainage," says the Weekly
"the Metropolitan Board of Works have had the
best five hours' discussion we have reed the matt of for this
assay a day. The singleness of purpose and earnest &she
to do the mast in the best way might be takes es a model la
all parliamentary debates. All that oorM be taken foe
greeted wee fairly left untouched. The question rend tram
sot es much what wee to be done with Sir B. Hell's maid-
olds of the Be plan, se how right could be dine with it,
sad ea agreement be oome to about it with due speed. The
hoard, by tire to one, have rejected the propoisi
of farther naference to engineers. They it oat their
ewe adviser. Mr. Baselgette, whom, no doubt with
judos, they style the person the very best informed on the
=sad they mopes* to go with him te Sir Benjamin
stinger eat
They W points of difference. They
me ignite right. They eau islie the beam, indeed they
bare defiant then, se to the passibility of the salllelent cur-
rent at the level proposed by Sir Benjamin Hell's party; as
to their ova power to males the Yew &arid which
Sir Bentamla Hall's advisers wish to Made la the
piss; se to the power te raise more money generally, and
ewes mashes al engineering detail or of pretenses, as to
method. Oa see paint they me agreed fully mad dually, that
the keg epee emirs witkh the Mist Commimioner's magi-
alma siaggeeted mo periedy eseademble. On all other
Emden they am epee to tar peed. In ma notion, they
he,. tam theme some. Let their Miterview be massaged
mkt ton sad temper, sad they wOl get the good out of Sir
Beedionialfftlistahlas."