The Sun.
London, England, 1861-04-08 00:00:00

L, THEATRE-ROYA
Mr.
J.
BackkistonAlle.MAßKET.
Leyte % 13.
THIS EVENING, the performances will comment* with
A DUKE IN DIFFICULTIES. Mrs. Stirling, Miss F,
Haydon, Mrs. Wilkins, Miss Fanny Stirling, Mr. Buckstone,
Mr. Compton, Mr. Howe, ate.
After which, will be revived, with entirely new scenery
and effects, and all the original music by the late Sir Henry
Bishop, the melodrama of THE MILLER AND HIS MEN.
Commence at 7.1

THEAT RE - ROYAL LYCEUM
Sole Lessee and Directress, Madame CELESTE.

Decided Success of the Two New Dramas.
THIS EVEIsTING, LOVERS' QUARRELS.

After which, a new original comic drama, written by Saml.
Lover, Esq., entitled MAC CARTHY MORE • or, P 0590110071
Aims Points of the Law. John Drew, J. Johnston, Forrester,
J. Rouse, Medlin ; Misses Rawlings, Hudspeth, &c.
To conclude with a new drama, NEW YEAR'S EVE ; or
The Belle of the Season. Messrs. H. Neville, Villiers, Jac.
Johnstone, J. Rouse • Mn.sWinstaniey, Miss Matilda Heron,
Kiss Willard, die

ItOYAL PR IN(;E SS'S TIiRATRB.-
Lessee and Manager, Mr. A. Harris.
THIS EVENING, THRICE MARRIED. Messrs. Shore,
Meadows, Garden, and Miss C. Leclereq.
Followed by HAMLET. Hamlet, Mr. Fechter. Sup-
ported by Messrs. Ryder, Hermann Vezin, Graham, Shore,
Meadows, &c. ; Misses Heath, R. Leclercq, and Elsworthy.

NEW THEATRE-ROYAL, ADELPHE.—
Sole Proprietor and Manager, Mr. B. Webster.
THIS EVENING, AN UGLY CUSTOMER. Mums. J.
L. Toole, C. Selby, and Warde ; Miss K. Kelly, and Miss E.
Thorne.
To be followed by the new drama. MAGLIORE, THE
PRESTIDIGITA7OR. Messrs. B. Webster, .J. L. Toole.
D. Fisher, dm; MISS K. Kelly, Miss H. Simms, Svc.
After which, OUR GAL. Miss Julia Daly, Mr. Romer,
Mr. Eburne, and Mr. Wavle.
Doors open at half past 6—Commence at 7.

CANTERBURY-HALL CONCERTS!!
Westminster-road.
Proprietor Morton.
A Grand Selection from Verdi's new Opera,
IL CORSARO,
(This opera has never been produced in this or any other
country, except at these Concerts), having met with that de-
cided success which charactisea the most popular werks of
this ,c,reat Master, will be performed EVERY EVENING ;
toaether with a Selection from LA FIGLIA DEL REGGI-
?ANT°, by Donizetti,
Principal Artistes—Miss Russell, Madame Maria, Miss
Tyrrell, Mr. H. Herbert, Signor Tivoli, H. Drummond, and
C. W. Bernard. Director, Mr. F. Jonghmans.
The Comic Department comprises Messrs. E. Marshall, A.
B. Hollingsworth, J. Blanchard, F. Bell, W. IL Welland, and
the Brothers Conrad.
John Martin's Three celebrated Pictures will remain on
view a short time longer in the Fine Arts Gallery of the
Establishment,

HIGH WATER AT LONDON BRIDGE.
THIB- DAY.—Morning, lh. 6m.—Afternoon, lh. 19m.
To-moaßow.-Morning, lh. 38m.—Afternoon, lh. 54m.

THE WEATHER.—Strx OFFICE, APRIL 7, 1861.
THERMOMETER, IN TRB SHADE.
50—highest since noon yesterday.
39—lowest:this morning and during the night.
48—this day at noon.

BAROMETER-30,28.
WIND—South-Easterly—fresh ; with fine cool weather.
APRIL 8,

THERMOMETER, IN THE SHADE.
49—highest since noon yesterday.
35—lowest this morning and 'during the night.
46—this day at noon.

BARO?tiETER-30.44 ; rising still.
WIND East-S.-Easterly—fresh and cold ; with dull
weather.

One of the most momentous and responsible
undertakings in which England is engaged is the
government of British India. The care of a popu-
lation more than five times as large as that of Great
Britain and Ireland is almost overwhelming.
Hitherto, indeed, we can scarcely be said to have
recognised the greatness of our destiny in the East.
The mutiny read a lesson to this country on its
responsibility. It became evident that we must
regenerate or relinquish India. One of the first
things which forced itself on the attention of the
most careless observer was, the fact of the magnifi-
cent resources of India, and the contemptible results
realised from those resources. It was seen that
the financial management of India required entire
reformation ; and, as the most important part of
finance, the monetary system claimed immediate
attention. Mr. WILSON began at the beginning
by propounding a paper currency for India. He
fell a victim to his over-exertion in carrying out
his plans—plans which even those opposed to him
admitted to be fraught with important benefits to
the nation, and to be of a magnitude, in some
measure, commensurate with the emergency of the
case: Few men of sterling financial ability have
appeared in any age or country. You have ten
warriors, philosophers, and politicians, of a high
class of excellence, for one financier. Mr. WiLsoN,
though not a great financier, was a capable man of
business. His place has been very imperfectly
supplied by Mr. LUNG ; and we have now brought
before us, in a striking manner, the inferiority of
this latter gentleman.
The new Currency Bill for India, which Mr.
LAING has produced, turns out to be a miserable
abortion. Mr. WILSON'S measure was, not only in
detail but in principle, faulty, but it had redeem-
ing points. One of these was the issue of small
notes for India. In his despatch, dated December
25, 1859, Mr. Wasom said :—" The most important
consideration of a practical kind in determining
this point (namely, the denomination of the
notes to be issued), is to have reference to the
character of the transactions of the country in their
amounts. In India the chief peculiarity of mone-
tary transactions is their extreme number and I
their minute character. Notes of a large denomi-
nation could only find comparatively a very limited
circulation ; and if issued would soon be returned
in exchange for coin, from the mere necessity of
providing for small payments. The consequence
would be, that the issuing branches would be con-
stantly called upon to convert the notes, simply
because they were of a denomination not suited
to the transactions of the country." Mr. WILSON
mentioned that in Ceylon the bank issued five
shilling notes for many years, and that when the
limit was raised to ten shillings, which it is at
present, it was regretted both by the planters and
public. The ten shilling notes circulate in Ceylon
to a considerable extent, and are reported by the
Governor of the colony to be a great convenience.
Mr, WiLsoN proposed to begin with notes of ten
shillings, one pound, two pounds, ire pounds, ten
pounds, and fifty pounds. In a despatch, dated
March 26, 1860, Sir C. WOOD says :—" In regard
to the denomination of the notes, her MAJESTY'S
Government are of opinion that those suggested
viz., ten shillings, one pound, &c., are well adapted
to the wants of the Indian community." In March,
1."1, her MAJESTY'S Government have been talked
"et by that meddling currency quack, Lord
avtitirrorrit, and declare that no notes below Two
pounds shall he issued.
Small notes are the very things wanted for India.
11.1)...re is
no good reason whatever that they should
not be h,„,eu ,
for one rupee, two rupees, and five
rupees. Thi.
million." No thci°4ld indeed be " money for the
coin, facilitate trade med so effectually economise
et c._
convenience of the
masses of the pop ulatio/I, and tend -',ach them
by .;elf-interest to the maintenance
of Britisn
We ,have £1 notes in Scotland
and Ireland, and
they Are of the greatest use and
advantage ; yet
these miserable crotch t e--mongers aamtre us that
like India, where
notes for a country
"le peen-
liarity of monetary transactions is their extreme
number and their minute character," should not be

under Two Pounds.
But the princip ‘e upon which paper currency is to
be isaued in India as objectionable as the abstut

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THE SUN.
LONDON, MONDAY, APRIL 8, 1881.