The Sun.
London, England, 1857-06-27 00:00:00

REVOLT IN INDIA.

Every day makes the news from the East more
important than usual. No sooner have we settled
the Persian war than a revolt which had been
spreading like smouldering ashes among the Native
Indian Army has at length suddenly burst into a
flame. Three native regiments, one of cavalry,
joined with two of infantry, at Meerut, broke out
into open mutiny, but were speedily dispersed by
the European troops. The mutineer; however,
fled in the direction of Delhi, the ancient capital
of the Great MOGUL, and were there joined by
three other regiments of Native Infantry, the
38th, 54th and 74th. The suddenness of this
immediate fraternising plainly proves a previous con-
cert—a foregone conclusion of desperate conspiracy.
So much so, that the mutineers not only pro-
ceeded to massacre all the Europeans within their
reach, but they actually proclaimed the Sox of the
lab Emperor of MoQIL, King. This was doing
the thing in a bold as well as in a bloody spirit.
But they shall have their day of reckoning before
long if they have not had it already, for there is
no safe compromise with treason, but death.
The Government in India was actively engaged
in devising plans for the immediate suppression
of this fanatical outburst. But we suspect that
they will have more work on their hands than
they are sufficiently prepared for.
We have little doubt that our wary friends the
Russians are at the bottom of all this widely-
spreading insurrection. They and the Chinese
work hand-in-hand for our destruction in the
East ; and well do we deserve it for our German
sycophancy to Russia and her intrigues.

When Russia had done her utmost to humble
us in her machinations on Turkey, and at length
roused our real vengeance, for it was all but cat's
paws at the beginning, under Lords ABERDEEN
and RAGLAN, the most incompetent man that
ever commanded an army—a general who never
commanded a regiment in battle ! when
Russia found at last that we were pre-
pared with gunboats, and all that could and
would have humbled her—why, she worked upon
Our German weakness by Prussian guile, and so
saved herself from destruction through the trea•
chery of those who betrayed the best interests of
humanity and freedom for the fader/and.
Well, we have now our second reward blossom-
ing in bloody revolt among our Indian army.
The Russians will never let us rest until India be
wrested from our grasp, and then what hopes re-
main for the future ? Why every German slave,
and other slaves nearer home, would rise in
savage delight and conspire toward the downfall
of the only free country in the world, and their
hatred would be but more intensely quickened
by their avarice to clutch our gold and
treasures ! Even old BLUCHER, the repre-
sentative of our friend and ally, Prussia.
while riding along the Strand, after the Battle of
Waterloo, exclaimed to his wondering friends, as
they looked at our well-stored shops—" Mine
Got 1 what a City for to` sack .1"

Yes, if that was the feeling of our friends, what
must that be which actuates the hearts of our

enemies t

That we must look to ouselvos, and trust to
ourselves, in this outbreak in India, and that
with promptitude and stern decision, there can be
no doubt. It has come to "do or die "
-wand do we must without hesitation or
doubt. There is a screw loose somewhere in our
management, and it must and shall be set to rights
firmly and promptly. There is no halfway-house
on the bloody road of rebellion—the journey may
be long and rugged, but it must be quickly trod,
and with a vengeance and strength that will make
the very dust of our advance testify to the ear-
*witness of our speed. There is nothing to fear,
but there is much to lament. Let us be wiser in
future.

Notwithstanding its bullionist tendencies, the
Times occasionally makes very awkward admiss-

sions, which completely upset the arguments of
the currency quacks of the Mercator, or Lord

OTZRSTONE school. In October, 1855, it candidly

confessed, that so far as the internal commerce of
the country was concerned, a deposit of Govern-
ment Stock, or the fact that the notes were re-
ceivable in payment of taxes, would abundantly
suffice, without the deposit of a single ounce of
gold ! It yesterday wont even further. After
detailing some of the points insisted on by mone-
tary reformers, it adds—" To the astonishment,
perhaps, of those by whom they are brought for-
ward, the answer, even in the Times, must be, that
they are indisputable. There ought to be no legal
restrictions whatever on the issue of notes ! If this
is what is meant by Free-trade in money, the
ashes of the advocates of that principle might at
once be granted. In strict consistency every man
should be at liberty t 3 make what promises he
pleases, leaving the public also at liberty to place
faith in them, or otherwise at their own dis-
sretion

If this be so, cadit questio. The acts of 1844,
and, so far as Scotland and Ireland are concerned,
that of 1845 cannot be supported for a single
moment. They constitute a number of restric-
tions on banking, tying down certain establish-
ments existing at the time of these acts, to certain
fixed issues, and preventing any other banks
from being created with powers of issue to any
the most trifling extent—no matter how un-
exceptionable may be the securities which
they are prepared to offer 1 It never
was for a moment contemplated that such
notes should be made "a legal tender !" None
but those of the Bank of England possessed
that privilege, and it was merely to a limited ex,
tent, not being in force at the offices of the Bank
itself, or its branches. It was merely for public
convenience, that these notes were made legal
tenders, that vexatious refusals might not be
made by litigious parties for the mere sake of
creating costs. The credit of the Old Lady for all
domestic purposes has always been perfect. No
one would refuse to accept payment in " the
Worthless rags" which she issued. And we ven-
t° say that currency reformers will gladly accept
• compromise, by which the legal tender may be
•bolished, provided a power of unlimited issue be
conferred on the Bank itself, and all private es-
tablishments, who shall deposit satisfactory
security for the amount which they may think
proper to put into circulation, beyond the fixed
issues now permitted.

It would be a very unnecessary formality to
stamp uotes with the words "not a legal tender,"