The Sun.
London, England, 1857-08-14 00:00:00

LONDON, FRIDAY, AUGUST 14, 1857.

As we yesterday explained to our readers, the
good appears to predominate over the bad in the
telegraphic accounts already received from India.
This was the view taken on the Stock Exchange,
and although on, the first spreading of the ru-
rnours—which, with strange consistency, were cir-
culated previously to the receipt of despatches by
the Government or the East India Company, to
the effect that Delhi had not fallen, that the
mutiny had spread to seven or eight other quar-
ters, and that there was great pressure in the Cal-
cutta Money Market—a fall of about per cent, in
Consols had been established, it was fully recovered
in the course of yesterday. There is no reason
why this should not bo so, for although the great
point, the fall of Delhi, was completely disproved,
it was shown, beyond the possibility of doubt,
that the mutineers had not been able, on a single
occasion, to cope with the comparatively small
force brought against them, and that whenever
General BARNARD had received the augmentation
of power which was daily flocking to his standard,
the tenure of the Rebel stronghold would be of a
very brief and fragile character.
We may now look for more complete tidings.
As we stated in ourimpression of yesterday, the Pen-
insular and Oriental Company's steamship Valetta
had arrived at Marseilles with the India and
Chinese Mails at 8.30 p.m. on Wednesday evening,
and were transmitted for Loudon at 10 p.m., the
delay being only an hour and a half. These will,
of course, contain more complete and satisfactory
tidings, but although we may hear of very de-

plorable details, there can be nothing to alter the
- general aspect of affairs or to cause any additional

political excitement. Those who have relatives
and friends at the scene of strife will, of course,
await with intense anxiety the letters, which
will announce the safety or loss of those near and
dear to their hearts, but there will be little to
show whether the prospects of speedily suppres-
sing the mutiny and consolidating the British
power on a more substantial basis than ever,
are improved or deteriorated.

We already know all that can be anticipated
before the prorogation of Parliament. It is essen-
tial then, that the Government should act on that
information to the best and utmost of its power,
So as to leave nothing to chance. Lord PAL-
MERSTON should be utrumque paratus—ready for
any alternative that may arise. We firmly be-
lieve that we have already seen the worst phase
of the deplorable transaction ; but ample powers
should be taken so as to avoid the necessity of
convening Parliament at a brief notice, or,
what would still be less satisfactory, of
acting on their own responsibility until the
commencement of next semi,
n, and then ask-
ing for a bill of indemnity. It may be true that "the
present financial means of the East India Company
are ample," and that they have abundant power
of meeting any claims likely to be made en the
Indian Exchequer. But, still, Imperial assist..
ance may be required, and Government should
have full authority to confer that assistance it
demanded at their hands. It by no means fol-
lows that they should avail themselves of any
vote of credit that may be carried unless an im-
perative necessity arises for so doing. Sir G.
C. Lewis anticipated that the British Exchequer
would rather gain than lose by the transaction, as
the support of 30,000 men would be transferred to
that of the East India Company. But those men
must be replaced for our home defences ; and we
may venture to remind the Right Hon. Gentle-
man that the Militia, when embodied, cost just as
ranch as the regular troops of the line. Some-