The Sun.
London, England, 1856-07-17 00:00:00

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the Ist Jager Corps of the British _
Her Majesty's ' steam•sloop Go _
Tower, I:,ft Soitlead yestei day for the ipe 414 C4-OGO
Hope, with despatches for the Governor, arirthe '860,007
rounds of M ale bell cartridges mentioned as sent from
Woolwich in rite Sum of yesterday.
The Esnp,ess E 'genie steam-transport, Cantain
Sunp-
son, a -rived at Spithead yesterday with 155 invalids
from Scutari
Tie emit- artial, which commenced sitting on board
her Majesty's ship Victory in Portsniouth Harbour on
Monday morning (as reported in The Sun of that day) to
try Commander Gordon and Mr. Alidricks, master of
her Majesty's steam-sloop Hecate, for having run that
vessel ashcre on the bar of Lagos, 'Vest Coast of Africa,
on or about the 23 of Jan. last, terminated it 4 proceedings
yesterday. Thy Court adjudged " that Co ninander
Gordon was justified in running for tsg.:o4 in execution
of his orders, an I VIA, after the ship struck the ground,
h used every xertion ti get her off, but was of opinion
that blame w. s atr,ibutab)e in hPying maintained so
great a s 'ead up to the time the ship t tok the groun 1,
and t' a proper precautions were not taken to avoid
,hunter when ights were reported, and the water shoaled,
and therefore adjudged the said commander to be repri-
mar.ded and admonished t.) be more careful in future,
and acqu;tted Mr. Alldricks, the Master, i• app' a-ing
by the evide ce that be was c n the sick list a,.1 unfit
for duty a', t,' e time of the acci,ent.”
Her Males y's i-crew-frigate Tribune, 31, was undocked
after rvair4 yesterday at Portsmouth.
Her M +jesty's steam-sloop Bulldog, 6, Commander
Gordon, arrived at Spithead yesterday from Bristol, with
a gun-boat and a mortar-boat in tow from the contract
builders.

[PRICE 4D. STAMPED SD•

are unable to give, and refuse to allow others to
assist them.
The first sod of the Bombay, Baroda, and Central
India Railway was turned on the Ist of May.
Cholera is raging at Patna, carrying off from 30
to 35 people daily.
Hong Kong papers report that in the centre of
the Chinese empire, about Canton, " the spirit of
insurrection had been laid" for the present, but in
Tio Nan the rebellion had broken out again ; in
Kiang Si it held Most of the important cities, and
a rumour of Soochow being endangered had seri-
ously affected the import trade of Shanghai. On
the whole, things were not improving.

COMMERCIAL INTELLIGENCE. ,
( From the Bombay Times of June 9.)
REPORT ON THE STATE OF THE B3MBAY MARKET FROM
MAY 27 TO JUNE 9.

Tbe London mail of the 10th of May was received in
Bombay per Peninsular and Oriental steamer Pottinger
on the sth inst. Oar rainy weather set in on the 28th
of May, and hitherto the fall throughout the country
has been abundarit.

We have no- material change to report in our money
market during the fortnight, further than that the banks
have reduced their rates of interest one per cent, all
round, but, as the importation of specie continues large,
we may look fora further reduction in present rates,—
viz., 7to 9 per cent. All descriptions of securities con-
tinue firm. .

Her Majesty's steam-frigate Terrible, Capt. NV' swirly,
arrived at Shithead yesterday evening from the Crimea,
with five office s and 452 men of the Royal Artt'iery.
She cast off her Majesty's sailing three-decker Queen on
the 10th i Ist., with a fair wind.
Her MajA3ty's steam-frigate Firebrand also arrived at
Spithea l yrs er 'ay evening from the Crimea.
The Racoon, 21, one of the new class of steam screw
corvet:es, hes been laid down at Chatham dockyard
on the same slip that the Cadmus, 21, corvette, was
launched from.
The Brilliant, 20, nallietaiitn- Capt-Zia. A. Paynter;
•
at Sheerness, it is reported, w.ll proceed to Australia
when r2ady.
The Pio-. ergun-boat, Lieut-Commander Keith Stewart,
at Sheerness; is ordered to be fitted immediately for the
East Indies. She is intended for river work in search of
piratic4l vessel, and Will still retain her heavy arrna-
went (.f two long 32-pounders and two 2410. howitzers.
Some experiments are about to be commenced in
Woolvich Dockyard, under the sanction of the Lords
Corniniss'oners of the Admiralty, for the purpose of test-
ieg the efficiency of an invention produced there by M.
Pimont. Its advantages consist in preventing the escape
of the steam and of allaying the oppre,sive heat pro-
ducel thereby on board her Majesty's steamers and in
Govern meat factories.

The tales in cotton piano goods have been very trifling
since on: lAA report, and our import market may be
consid,rfd closed. Liule:or: no alteration has taken
place in the p :lees of nearly every description of cottot,
goods, ,upples of which are scarce. All descriptions of
h grey shirting and madsys4latus are in good denaaad, as
are aharT—OrartMlndlittynirEta, long-cloths, and do.
mestics bf all kinds are in fair inquiry. Bleached shir:-
ings of middling quality are in fair inquiry ; low and
higher are dull, as we also jacconets, twills, and mada-
pailams. Of fancy g )ods grey and bleached dholies are
in demand. Bleached mulls, lappets, dyed mulls, and
rna,dapollams are very dull of sale, as are also Turkey
red twills, cambric% and mulls.
Cotton yarns are in fair demand, but holders are firm,
looking for higher rates, and no sales have taken place.
Dyed Turkey red is dull, and orange is in moderate
inquiry.
Metals ate in inquiry, and there is some improvement
in prices.
Exports—Cotton—The market is active and stocks in
hand are large. We quote for Broach, 105 rs. to 106r5.;
Dbollera, 101 rs. to 102 rs. ; Ocy,mrawutty, 102 rs. ;
Mangarole, 98rs. ; and Dharwar, 112 rs. to 12Ors. 01
Coompta t-eere is none in the market, nor can supplies
be looked for until after the rains:' •

Th,- Admiralty steam-yacht Vivi,l, Master Comman-
der Alien, yesterday morning returned to Woolwich,
having cnnveye I his Royal Highness Prit.ca Oscar of
Sweden to .Rotterd,m.

Sheep's Wool.—Sales are limited, and prices have de-
clined.

Me:,sr=. Luca., Brwhers, the contractors, have com-
menced clearing the ground, and sinking a fuundation
for erecting an eleg*nt and elaborate clock tower in
W.olwich Arsenal. The new, tower is to be carried to
the height of 120 feet, and will correspond with the ad-
joining edifies—the 0101 foundry and bor'ng mill. It
is to be built szo varied coloured brickA, in the same kind
of architecture, after the modern Elizabethan style. The
lfey will be furnished with a chime of three bells, the
weight of which will be more than 20 tons.

Hemp is altogether without inquiry.
Oil Seed.—Linseed has considerably declined, and
quotations are nearly nominal. Teel is scarce and has
advanced in common with Niger.
Opium has declined, but there has been no marked
cha❑ge in prices. We now quote for Mundle:iar, 1,120r5.
to 1,125r5. ; and Indorr, 1.115r5.
Freights.—The prevailing rates to Liverpool and
London are 3/. 15s. per ton, and to China lOr.. to 11rs.
per candy. _ _

His Netherlands Majesty's pa idle-whe-l-schooner
Curacon, 2, Commander De Brauw, 42 days from Suri-
nam, for Holland, put into Plymouth Sound on Tuesday,
short of fuel and with machinery out of order.
The foilosing circular inemoraocium has been issued
by order of the Commander-in-Chief :--
" The F eld-Marshal C.,mmandi.g-in.Chief is pleased
to direct that, in the case of private soldiers, a simple
act of drunkenness be not appended tl a charge of a
more seriou, nature. Tla;s restriction does not apply to
the case of noncommissioned officers, who cannot be
awarded minor punishments. An act of drunkenness
on the part of a private, unaccompanied by any other
offence, is to be disposed of in a summary manner by
the commanding officer, unless the repetition of the
offence brine it within the categ .ry of habitual drun-
kenness.—By command,
''G-. A. WETHERALL."

Exchange has been in small request for this steamer,
notwithstanding which a further decline was established
and sales of bank paper took place at 2s. ld. to 2i.
15 l6d. Since the arrival of the Eng Hell mail the rate
has been looking up, and we quote for local credits and
documents 2s. 1:11. to 2 lad. On Calcutta, Court
Bills, 60 days' sight, 99r5.; Malras, 30 days' sight,
99irs. ; Cuiva, 60 days' sight, 22rs.

MERCANTILE AGENCY FOIZ INDIA.

(From the Derbyshire Courier.)

Whether the attempts which are now making to de-
velope the immense resources of British India become
remunerative to private enterprise or not they are un-
dertakin_fs of great national imp irtance. England and
her colonies against the world ; and to British India, that
rplendid gigauticappanage of the United Kingdom, with

its;area of upward of 1,300,000 square miles and its
population of 150,000,000, the long-slurnering attention
of statesmen audfinanciers is being at last energetically
directed,

"The dreams of avarice" can scarcely picture what
India is capable of becoming to this couctry under a
system of good government, and judicious and energetic
enterprise. The comparison between-Bombay—a mere
harbour of refuge, whtela it was when it passed into the
possession of the British on the marriage of the Infanta
of Portugal with Charles ll.—with the Bombay of to-
day, with its quarter of a million of inhabitants, exhibits
an example of rapid progression. The Calcutta of 1856,
" the city of pahiceß," when compared with the paltry
commercial town which Warren Hastings found it in
1750, reminds one of the prophet's gourd which sprung
up in a night. The future of India appears, however,
destined to throw into the shade all such comparisons.
The next century may see Delhi with a population of
more than two millions of inhabitants, which the extent
of the ruins justify us in estimating that it formerly con-
tained, and India itself raised in the number of its inha-
bitants t, a level with China, that mysterious empire,
with °Le-third of the human race for its subjects.
It is commerce, the pioneer of civilisation and r,ligion,
which must lead the uay in the regeneration and de-
velopment of India. And there are unmistakeeb e signs
of the times which indicate the preFenti period as one
when commerce had an opening for gigantic progress.
The deficiency of roads and facilities of communication
has been the great cause of the retardation of improve-
ment in India. Take a proof iif this from a return made
to the House of Commons in 1852. Civilisation has, in all
ages, taken the course of great rivers ; the principal rea-
son being the means of communication and transit which
they afford. It appears that the number of Europeans
(not in the Company's service) settled in the interior of
Bengal, along the banks of the Ganges, was 273, while
the number in Madras was 37, and that in Bombay only
7. Railways will do for Madras and Bombay infinitely
more than the Gauges has done for Bengal. And to the
construction of a vast network of railways the attention
of the Government of India is now seriously directed.
The value of Briiish exports to India was, in 1814,
only 870.1771—in 1854 it was, we may say, only
10.025,969/, Open the interior of India by railways to
commercial enterprise, and the increase of the next 40
years may be, not eleven, but a hundred fold. In forty
years exports have increased elevenfold. Yet each inha-
bitant of India is said to consume, at present, not more
than one shilling's worth of articles of British manufac-
ture annually. We have in British Indiaamine of wealth,
compared with which the gold of California and Austra-
lia is a trifle.

India may become to Great Britain that El .Dorado
which Chili and Peru, from bad government and mis-
management, have never proved to Spain.
Regard the products of this immense colonial depen-
dency. The cotton alone of India might render us inde-
pendent of the United States. But India produces silk,
sugar, indigo, tobacco, fibrous plants, and most of the
grains and seeds of botn tropical and temperate climates.
These, like a neglected harvest, are left to perish on the
ground, for want of the sickles of European capital and

enterprise.
It is evident that every possible means which commerce
and experience can suggest ought without delay to be called
into requisition. Educated men, as well as capital, are
wanted to direct and foster native industry in India. Let,
then, any impartial observer say whether such associa-
tions as that of the Indian Mercantile Agency, the pro-
spectus of which appears in our advertising columns to-
day, is not deservii,g Uf approval, iti a .rational, as well
ai a commercial point of view. The object of this asso-
ciation is stated to be " to connect the direct trade be-
tween England and India by agencies at the great sea-
ports of that country which shall undertake all the usual
branches of agency ci,nnected with India. The Indian
seaport agencies when firmly established, and then suc-
cess confirmed, will become links between the associa-
tion in London, and agencies to be gradually extended
into the interior of India, the association fixing on the
most favourable localities requiting the agents selected
for the management of such branch agencies to have the
nece,sary qualification of local, as well as of commercial
knowledge."
By sucu an agency the sale of British manufactures in
the interior of the country may be extensively promoted,
and the purchase of Indi.tu products facilitated, a stimu-
lus thus being given to the productive indu-try in India,
and new markets opened for our own commodities.
This association must be managed with less than the
average of British prudence and enterprise not to prove
successful. And the present time is, we think, peculiarly
tfavourable for the attempt. The Government of India
is, as we have said, fully alive to the importance of doing
ev, rythwg i:_ its power to encourage the enterprise. The
al-Aii.dance and cheapness of Loewy, which the action of
ihe geld disc veries on our nio:ietary system has in-
duced, is tempting capitalists i,.to foreign inve,tments.
iridia, governed I).y E,glish-made laws, where property
is as secure as in Englani, presents first-rate inducements
for the investment of British capital. It is reported
that Russia is contemplating the establishment of a rail-
way-syFtein throughnut her huge territory, and that she
looks to England for the necessary capital. Indepen-
dently of the con.tingency of a European war, we can-
not but remember that the continental Gov.rnmeuts
must gri ally improve in that quality of " good f kith" in
commercial trat;sactions which ha, contributed so largely
to extend the name and fame of the British Nation, be-
.re they colie up to the Ntandard of security which
capitalists have a right to expect.
Our Colonies, as they have the first and fairest claims
on British capitalists, tarnish also, our opinion, the
safest channel of investment which, out of England, can
be found. And an Agency, such as we now refer to,
in India, if conducted with both caution and spirit, ap-
pears to combine the least possible amount of risk with
the greatest possible probatility of success.

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