The Sun.
London, England, 1858-12-08 00:00:00

THE SUN, LONDON, WEDNESDAY EVENING, DECEMBER 8, 1858.

EAST INPIA HOUSE, December 8, 1858. British minister submitting to be bullied by
MITE COURT of DIRECTORS of the EAST
Naples ! Theireat points are—first. to ensure that
A. INDIA CUMPA-NY DO HEREBY GIVE NOTICE;
That a GENERAL COURT of the said COMPANY will be
every demand, the refusal whereof led to the
held as above, on SATURDAY, the 18th instant, betweenthe
'
hours of 12 and 6, for the Election of Three Directors, in the withdrawal of one Minister at the Neapolitan
room of
JOHN SHEPHERD. Esq., Court, should be entirely conceded; and secondly,
Sir JAMES WEIR HOGG, Bart., and
WILLIAM JOSEPH EASTWICK, Esq., - that any further grievances that may have arisen
who have disqualified.
The form of a letter of attorney, and of a declaration for in the interval should be redresse I. By asking
enabling Proprietors 'of East India Stock to vote by proxy on
this occasion, will be prepared for delivery to the proprietors for a renewal of intercourse, KING FERDII;iAND
at the Treasury, in this House.
C. CRAUFURD, Acting Secretary. admits his mistake, and he must be prepared to re-
trieve his error; when virtually suing for pardon
from the Great Powers which he had wantonly
offended.

TO THE PROPRIETORS OF EAST INDIA
STOCK.—LADIES AND GENTLEMEN,—Adverting to
our respective Addresses of the Ist and 2d inst., we beg to
mate that the Court of Directors having announced that
the election for three Directors (in the room of J. W. East-
wick, Esq., Sir J. W. llogg, Bart., and John Shepherd, Esq.,
who have disqualified), will be filled up, in the usual manner,
on SATURDAY, the 18th inst., between the hours of Twelve
and Six, we respectfully request you will honour us with your
attendance on that occasion, and record your votes in our
favour.
Should you wish to vote by proxy, we shall be happy to
forward the necessary power on receiving an intimation to
that effect.
We have the honour to be,
• Ladies and Gentlemen,
Your faithful servants,
J. D. H. ELPHINSTONE.
GEORGE MOORE.
ERIC C. SMITH.
7, Leadenhall-street, Bth Dec., 1858.

THEATRE-ROYAL, DRURY-LANE.—Under
the Management of Miss Louisa Pyne and Mr. W
Harrison.

THIS EVENING, IL TROVATORE. Miss L. Pyne,
Miss Susan Pyne, Miss M. Prescott, Mr. Ferdinand Glover,
Mr. J. G. Patey, and Mr. W. Harrison.

Conductor—Mr. Alfred Mellon.

To conclude with a new Ballet Divertissement, LA FLEUR
D'AMOUR : Mesdlles. L. Michelet, Morlacchi, and Pasquale.

ROYAL PRINCESS'S THEATRE.
Under the Management of Mr. Charles Kean.
THIS BVENING will be presented Shakspere's Tragedy of

MACBETH.
Macbeth Mr. C. Kean ; Lady Macbeth, Mrs. C. Kean.
Preceded by a new Farce, in one act, entitled
THIRTY-THREE NEXT BIRTHDAY.

THEATRE-ROYAL, HAYMARKET.
Lessee, Mr. J. B. Buckstone.
THIS EVENING will be performed THE RIVALS.
Mr. Buckstone and Miss Reynolds.
A new Spanisk" Ballet, THE INFLUENCE OF GRACE,
in which, Perea Nena will appear.
With WHITEBAIT AT GREENWICH. John Small, by
Sir Wm. Don, Bart.
And A DAUGHTER TO MARRY.

Commena at 7.

ROYAL STRAND THEATRE.
Lessee and Directress, Miss Swanborough.
THIS EVENING, THE LITTLE SAVAGE.
After which THE MAID AND THE MAGPIE.
WOOING IN JEST AND LOVING IN EARNEST :
Miss Swanborough.
And THE BONNIE FISH WIFE.
Commence at 7 o'clock.

ASTLEY'S ROYAL AMPHITHEATRE,
Westminster-road.
Sole Lessee,.. Mr. William Cooke.
The Lessee has the honour to call public attention to the pro-
duction of a new grand military and equestrian drama, on
Satnrday, Nov. 4, for the first time.
R THIS EVENING, and during the week, will be repeated
a new grand Spectacle, entitled LIFE ;IN THE EAST ; or,
The Fugitives and their Faithful Steed. Written expressly
for this amphitheatre by Mr. R. Phillips, and embracing the
entire strength of this vast Hippodramatic Temple. Princi-
pal characters by Messrs. R. Phillips, Holloway, J. Anson,
Mark Howard, Francis ; Miss Dowton, Miss Weston, &c.
Followed by the inimitable SCENES IN THE ARENA,
in which Messrs. W. Cooke, Runnels, W. Cooke, jun.; Mes-
dame Blanche, &c., will go through their unrivalled feats.
No fees to box-keepers. The art of riding taught.
Commence at seven. Carriages at Eleven.
Prices of admission :—Dress Circle, 3s. ; Upper Boxes, 2s. ;
Pit, ls, ; Galleries, 6d. ; Private Boxes, from £1 Is to £2 2s.
and upwards.
• Stage Manager, Mr. R. Phillips.

CANTERBURY HALL, Westminster-road.—
Proprietor --C. MORTON.
The public is most respectfully. informed that the FrNE
ARTS GALLERY, in connection with the above Hall, IS NOW
OPEN DAY AND NIGHT, from 11 o'clock a.m. until 12
o'clock p.m. The New Gallery contains an extensive Collec-
tion of Pictures, by Ancient and Modern Masters • and is also
devoted to Art proauctions generally. The Proprietor feels
he may confidently assert that, viewed altogether, the exist-
ing Music Hall, the New Fine Arts Gallery, and the recently
added Ante-Hall, will present an attraction which, whether
as regards the architectural beauty of the structures them-
selves, or the varied and hitherto unattempted combinations
within, will be found to be wholly without parallel in the
Kingdom.
The MUSICAL ENTERTAINMENT commences RS usual at
Seven o'clock.
In addition to the usual entertainment, the SAUVLET
FAMILY, of Amsterdam, Eight in number, whose varied
instrumental performances have created so marked a sensa-
tion in the principal cities and towns of the Continent, will
perform every Evening at Nine and Eleven o'clock.

THE WEATHER.-SVN OFFICE, DEC. 8.

THERMOMETER, IN THE SHADE.

43—highest since noon yesterday.
41—lowest this morning and during the night.
41—this day at noon.

BAnoatrrEn-30.28.
WIND, South-Easterly ; light, with dense foggy weather.

THE SUN.

WEDNESDAY. DECEMBER 8, 1858.

King BOMBA is beginning to discover that a re-
newal of diplomatic relations with the Western
Powers would be no such bad thing after all. It
is not pleasant in private life to be cut by your
wealthy and powerful neighbours ; and it is even
more disagreeable to a minor State to have its ex-
istence virtually ignored by any of the great
Powers. It is injurious alike to the amour propre,
and to the position of the nation thus slighted, and
although bombastic pretensions may provoke such
treatment, and perverse obstinacy lead to its con-
tinuance, it must prove very satisfactory to the
offending kingdom to have the diplomatic inter-
dict removed, and to be restored to its quondam
condition.

We do not wonder, then, at the anxiety of the
Neapolitan authorities to be restored to friendly
relations with France and England, or at the ad-
vances said to have been made by King FERDI-
NAND for that purpose. But before his wishes can
be accomplished he must fully and com-
pletely redress the grievances that led
to so decided a step on the part of the
Western Powers. It would be puerile to retreat
from the position they have assumed, unless the
causes that led thereto be altogether removed.
Naples must cease to be a firebrand that may lead
to the most serious disturbances in Italy, and even-
tually to grave complications in Europe. The very
proper remonstrances offered to King BOMBA were
treated with sarcasm and contempt. He seemed to
think that "he had a right to do what he liked
with his own," forgetting that, in so doing, he must
neither injure nor endanger the property of others.
The State of Naples was a political as well as a
social nuisance, which it was the duty of every
friend of humanity to abate with all convenient
speed. It was impossible to sanction or tolerate
the vagaries that were indulged in by one who
was by no means even a favourable specimen of the
Bourbons themselves.

It is positively asserted that the English Go-
vernment has replied that everything will be
subordinate tosatisfactory a regulation. This
is what might be expected from Lord DERBY
and his colleagues, and doubtless the Cabinet of
Paris will likewise insist on the performance of
what had previously been demanded, before send-
ing back an ambassador. It could scarcely be ex-
pected that the French Ministers would consent to
a drawn game, and it would be far worse if King
FERDINAND could show that by sturdy resistance
he had carried his point against France and Eng-
land. It happens by some strange coincidence that
Lord STRATFORD DE REDCLIFFE is at Naples at
this moment. Although not officially accredited,
his services may be peculiarly useful in bringing
round proper arrangements. lie is, perhaps,
one of the best men for such a purpose.
No one is better qualified to deal with
stubborn parties ; and to 'maintain the honour,
dignity, and prestige of Great Britain unimpaired.
He certainly will not permit himself to be cajoled
or humbugged; and there is no danger of any ,

A magnificent future, we do confidently hope, is in
store for our Anglo-Indian Empire, as a sequel to
her MAJESTY'S royal and gracious Proclamation.
It is surely noteworthy that from these Islands—
the central point of the world-wide British domi-
nions—emanated during the last autumn a message
of clemency of a very remarkable character, trans-
mitted almost simultaneously to the east and west,
to the great Asiatic and American continents. The
message, in each instance, emanated avowedly and
directly from the SOVEREIGN. In each instance
the medium for the conveyance of the message was
altogether unprecedented. Here it was the sub-
merged wire of the electric cable, thrilling under
the great deep, along the bed of the mighty At-
lantic. Here, again, it was a Solemn Proclama-
tion, addressed for the first time by the QUEEN in
Council to the Princes, Chiefs, and People of India
—an imperial proclamation, issued by one of the
mightiest monarchs of the world. " VICTORIA, by
the Grace of GOD, of the United Kingdom of Great
Britain and Ireland, and of the colonies and depen-
dencies thereof in Europe, Asia, Africa, America,
and Australasia, QUEEN, Defender of the Faith.", Cer-
tainly one of the sublimest titles of sovereignty of
which history in ancient or modern times hath re-
cord a title before which the one indicative of
the fabled empire of the world, won by the
sword of ALEXANDER, pales to insignifi-
cance a designation worthy of implying
the wielder of the sceptre having authority over an
empire on which literally and not merely figura-
tively the sun never sets. And the QUEEN REGNANT
of this sublime and awful dominion, it is even espe-
cially worthy of remark, holds her own as the chief
neither of an autocracy nor of an oligarchy, but of
a purely representative and constitutional Govern.
ment. Her sceptre is typical more truly of an olive
rod than of a rod of iron under its outward seeming
of gold encrusted with jewels. Her diadem presses
more lightly upon her fair brow than those
weightier baubles worn in the old feudal days of
despotism, and of which alone it was that one
great national poet sang with so much pathetic
significance—

" Happy low lie down, -
Uneasy lies the head that wears a crown."

In the very preamble of this ever-memorable pro-
clamation of VICTORIA to the Princes and People
of India, her Britannic MAJESTY intimates clearly
enough, though quite incidentally, the source of her
own pacific sway, the pledge to her vast empire of
its security and tranquillity. It is when imme-
diately after the stately array of the superb titles of
her sovereignty, the QUEEN observes that " where-
as, for divers weighty reasons, we have resolved'
by and with the advice and consent of the Lords Spi-
ritual and Temporal AND COMMONS in Parliament
assembled, to take upon ourselves the Government
of the territories in India," &c. A Proclamation
so headed, so introduced headed by titles of
sovereignty extending far and wide over all the
four quarters of the globe, introduced by words
illustrative of the broad basis upon which the
colossal superstructure of that stupendous empiro
has been raised, the combined energies of the whole
of the great Anglo-Saxon race—can hardly fail to
impress what is in itself so very impressionable,
namely, the Oriental imagination. The Proclama-
f:, I,nforp the T-Tincloo
subject's of Queen VicToßia at a moment in the his-
tory of British Rule in India when the vigour of
that rule had been most distinctly and emphatically
manifested. Hence the haughty syllables in which
the crushing out of the late Sepoy revolt is briefly
referred to in the ;Proclamation, when VICTORIA,
after showing to the Princes and People
of India " Our power has been shown by the
suppression of that rebellion in the field,"
adds, "we desire to show our mercy by par-
doning the offences of those who have been

thus misled, but who desire to return to the path
of duty." And happily, at this critical epoch in
the annals of our Anglo-Indian rule in Hindostan,
the man chosen by her Britannic MAJESTY to be
the first Viceroy and Governor-General of India
under the new (royal) organisation of her Asiatic

dominions, is a statestnan whose benignant policy

in India has long won for him in that sense the
honourable soubriquet of " Clemency CANNING."
The policy towards India enunciated in the Royal

Proclamation signifies ,mainly, if not entirely, a
solemn message of peace and goodwill to the whole
Asiatic population. The SOVEREIGN repudiates
any design for the future aggrandisement of her
dominions. "We desire no extension of our pre-
sent territorial possessions," says the Proclamation.
Those possessions have, within the compass of a
single century, expanded from an insignificant
mercantile settlement into a gigantic empire,
peopled by races numbering a vast total of from
100,000,000 to 200,000,000. Henceforth the con-
quests of Britain in this quarter of the world need
only be pacific—conquests over the soil, and over
the minds and hearts of the community. Reticu-

late the country with7an iron network of railways,
thread it from end to end with a magic maze of
electric wires, systematise its irrigation, ad-
minister the laws with justice, encourage
education among all classes, facilitate by every
possible means the diffusion of art, science, and
literature, and be sure that we shall not only, by
so doing, strengthen our dominion in Asia, but Indi-
rectly among the Pagan multitude of Ilind'ostan
render civilisation the pioneer of Christianity.

What is the necessity for gold as a circulating
medium ? Simply to adjust the balances on foreign
accounts ; to pay to, or receive from, other nations
the amounts that may be due for goods in excess
of what the indebted nation may have supplied to
the other. It is not all required for domestic use.
In fact, as the Times admitted some years since,
" The internal commerce of the country could be
carried on without a single ounce of gold. A
deposit of Consols, or the fact that the notes would
be received in payment of taxation, would render
them universally acceptable." For the supposed
benefit of our foreign trade, then, it is that all the
crushing restrictions are imposed, which, by perio-
dically producing an artificial scarcity of gold,
paralyses the energies of the industrial population
of
the
tcahoraen siuleari
laoceiut.:sn: tisrt3,
Io-
nfi suspends production, and converts
s
no
order
dte
rdn
eat
td wtwealth
ltoyou unprofitable
kept
medium for sums under £5 sterling, and fifty to
sixty millions of sovereigns arc required for the
adjustment of everyday life, and thus deiverted
from their original purpose, for which they would
be really valuable.
Never was there such a waste of power. Notes,
of small and convenient denominations, would

meet every possible domestic requirement and at
least forty million OU'ACCS of gold could be econo-
mised, and the wear an a tear thereof, which comes to
no inconsiderable amo' int in the long run, altogether
averted. Paper has many advantages as a cur-
rency. It is lighter :and more portable than gold,
can be more easily transmitted by post, and, if
lost, may be more clearly identified, and the plun.
derer brought to justice. If destroyed there is no
actual loss to the nation, and the owner, if he
adopts simple and easy precautions—keeping the
numbers correctly—may recover the full amount.
These are important matters. The small notes in
Ireland and Scotland are universally preferred to
gold, -which is paid into the bank or exchanged for
paper on the earliest opportunity, and a similar
result would follow in this country, when the
superior convenience of the paper issues became
palpable to the people.
This issue of £1 notes would not necessarily clash
with the principle of convertibility. Mr. JAS. WIL-
SON, a strenuous bullionist, an unflinching advocate
for convertibility, has pointed out clearly and dis-
tinctly that no more danger can exist with one-
pound notes than those of five pounds, while at
least twenty millions of capital would be liberated
immediately from an unproductive use, and ren-
dered available for the purchase of food and raw
-material for the employment of the population, and
for all the purposes to which such an increase of
capital could be applied. The only objection to
£1 notes is, as Mr. WILSON truly declared, " a mere
prejudice grounded upon the adoption of false princi-
ples half a century ago." And yet that prejudice
led to the abolition of this convenient instrument,
the use whereof saved the Bank of England from
suspending payments in 1825, and proved as effi-
cacious in enabling the nation to pass thfough the
monetary crisis of that year as the suspension of
the Bank-Charter Act did in 1847 and 1857. •

Mr. WILSON pertinently inquired, " who could
doubt the safety of paper to the extent of
£50,000,000 guaranteed by English Consols to the
extent of £34,000,000, and gold to the extent of
£16,000,000 ?" emphatically adding, " while, there-
fore, at present we economise the capital of the
country by the use of £5 notes and upwards to the
extent of £14,000,000, we would accomplish the
same to the extent of £34,000,000 or £20,000,000
in addition, by the use of £1 notes, and with the
most perfect safety. We should thus immediately
add to the effective capital of the country, to our
stock of commodities, or, which is the same thing,
our command over them, just as much as if we dug
that amount of bullion out of the centre of Eng-
land—in the same way as France will add to the
amount of her capital by extending her issues from
notes of the denonomination of £2O to those of £5 ;
and in the same way as Russia has, by the law of
1839, accumulated in the fortresses of St. Peter
and St. Paul bullion capital to the extent of
£19,000,000."

We have referred to these views of Mr. WILSON,
perhaps the most able advocate of the bullionist
theory, to show that there would not be the
slightest danger to the principle of conver-
tibility involved in a large issue of £1
notes. We need not say that we are
totally opposed to that principle which has occa-
sioned so much misery and suffering since 1819,
or we may say since 1816, when the preparations
for a return to a metallic standard were com-
menced by the Bank of England. We have ever
since endured many serious evils from the suppres-
sion of small notes, and the :spasmodic efforts to
bring back gold when it had been taken from us
by ether countries, in whose hands we placed the
power of doing so whenever they thought proper.
For this purpose discounts have been advanced to
ruinous rates, which no person could pay out of the
legitimate profits of business. Merchants, manu-
facturors, and traders have boon oompollAd to sell
their stock at much less than cost price. Mills and
factories have been closed, and the working popu-
lation thrown out of employment, and compelled
either to expend the savings which they had pro-
vidently accumulated for old age, or to resort to
the tender mercies of the Union Workhouse. The
auri sacra fames has produced all the mischief. We,
have sacrificed many victims at the shrine of the
idol, and yet there are myriads who hug their
chains, and will not be contented to accept any
benefit that would get rid of the convertibility of
the bank note. To such persons we commend the
views and arguments of Mr. WILSON, proving the
perfect safety of the issue of £1 notes to their
darling system ! We should, however, greatly
prefer taxation paper, which should be a legal ten-
der in every domestic transaction. Gold should
then be treated as a commodity, which would bring
a fair price in accordance with the laws of supply
and demand ; and which any foreigners de-
sirous of obtaining, or any nation wishing to
hoard, should pay for at the fair valne. The
variation in price would be comparatively trifling,
and far less disturbing to our foreign trade than
the changes in the rate of discount, and the difficulty
of obtaining money at almost any price on even un-
exceptionable securities.

THE FIRST BRITISH MINISTER

TO CHINA.

We believe we may announce that Mr. Horace
Rumbold is appointed her Majesty's Minister at
Pekin.

THE CAMPAIGN IN ()UDE.

The following is Lord Clyde's Proclamation on
aking the field :

" OCTOBER 26.

" The Commander-in-Chief proclaims to the people
of Oude that, under the orders of the Right Hon.
the Governor-General, he comes to enforce the law.
" To enable him to effect this without damage to
life anclrOperty, resistance must cease on.the part
of the people.
" The most exact discipline will be preserved in

the camps and on the march; and when there is no
resistance houses and crops will be spared, and no
plundering allowed in the towns and villages.

" But wherever there is resistance, or even a
single shot fired against the troops, the inhabitants
must expect to incur the fate they have brought
upon themselves.
" Their houses will be burnt and their villages
plundered.
" This Proclamation includes all ranks of the
people, from the Talookdars to the poorest Ryots.

" The Commander-in-Chief invites all the well-
disposed to remain in their towns and villages,
where they will be sure of his protection against
all violence.

~ CLYDE."

The Prince Schabatoff has loft the Clarendon for
ie Continent.

The Earl and Countess of Darnley have arrived
at Claridge's Hotel, from Cobham Hall, near Gravesend.

Lord Stanley left town yesterday for Osterley
Park.

LATEST • NEWS.

AUSTRALIA.
(BY ELECTRIC TELEGRAPH.)
LIVERPOOL, WEDNESDAY MORNING.
The Marco Polo arrived in the Mersey this
morning, with gold equal to £187,000 sterling.
She left Melbourne on the 10th of September.

COUNT DE MONTALEMBERT,
The Times' Paris correspondent (second edition

The Bishop of Durham has arrived at Claridge's
Elotel, from Auckland House, Durham.

The Hon. Mr. and Mrs. Sydney Pierrepont have
arrived at Claridge's Hotel, from Evenly Hall, Bradley.
Sir Brook and Lady Bridges have left the Clar-
endon, for their seat in Kent.

Sir George and Lady Dashwood have arrived at
Claridge's Hotel, from West Wycombe Park, Bucks.

says :

" I hear that the decision come to yesterday at
the Cabinet Council was, that Al. de Montalem-
bert's appeal should be allowed to come before the
Court, and argued, but that the answer to it will
simply be the Emperor's pardon, which, it will be
pleaded, covers everything—the penalty imposed
by the Police Court, as also the possible effect
of the new Penal Law, popularly known as the
Loi des Suspects. If such be the pleading, it will,
I suppose, be so ruled by the Court. I have no
doubt whatever that the Government are most
anxious to get out of their unpleasant position as
best they may."

The following telegrams have been received at

Mr. Reuter's office :

MARSEILLES, TUESDAY.
Letters received from Naples assert that the
King has offered to the Western Powers to re-
establish diplomatic, relations by sending Ambassa-
dors mutually. England has replied that every-
thing would be subordinate to a satisfactory regu-
lation of amnesty.
Lord Stratford de Redcliffo has remained at
Naples, and has visited several Princes.

MADRID, DEC. 6.

It is not true that General Sanz has proposed in
the Senate a vote of censure against the Govern-
ment. The fractions of the Opposition in„ the
Senate have formed a coalition, and will vote to-

Chevalier Miniato has taken his departure from
the Brunswick Hotel, for Paris.

Mr. T. N. Farquhar and family have arrived at
the Queen's Hotel, Upper Norwood,

gether.
A commission otths. Senate disputes that the
speech is in conformity with the unanimous opinion
of the Government.
Three per Cents. clos(d 43 50.
Ditto Deferred, 31 40.

with the conditionsimposed on responsible editors,
will allow
.certain offences to be tried by juries, and
will not render the signature of articles obligatory.
The arrival of the Grand Duke Constantine at
Madrid was expected.

M. de Baladine, the Russian Envoy to the Court
of Vienna, arrived in that city on the 2d. The day
after he paid a visit to Count de Buol, and was to
have a private interview of the Emperor two days
after.

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