The Sun.
London, England, 1859-06-20 00:00:00

meut has no reasonvhaievertoToaiihe loyalty
of the 2d Bengal Fusiliers.
" By order,
" R. J. H. BIRCH, Major-General,
Secretary to the Government of India.'
" By intelligence from Allahabad up to the 10th
of May the excitement among a portion of the old
Company's European troops at that station had not
subsided at that date. At Lahore, on the evening
of the 11th May, a few of the men of the Ist troop
2d Brigade Horse Artillery refused to turn out for
drill, but, after a short expostulation from their
officers, they returned to their duty, and the men
are reported to be now perfectly orderly and re-
spectful. Col. Radcliffe, commanding her Majesty's
75th Regiment at Meerut, has recently written a
letter to the Delhi Gazette, vindicating the loyalty
and good discipline of his regiment. A rumour had
got abroad that that regiment sympathised with
the disaffected. Major Light, commanding No. 21
Bengal Light Field Battery at Gwalior, has also
published a letter, dated the 15th of May, in the
same paper, in which he says that, though his men
had petitioned against what they deemed a wrong,
yet that they had never disobeyed an order, or ex-
hibited a spirit similar to the 3d European Regi-
ment's at the same station. None of the proceed-
ings of the court of inquiry now sitting at Meerut
have yet transpired. The notion among the Euro-
pean portion of the Company's troops, that they
were entitled to their discharge or to a fresh bounty,
had been fermenting in their minds ever since the
act was passed for transfering the government of
India from the East India Company to the Queen.
Theirs hopes were suddenly disappointed the other
day by an official announcement of the Governor-
General in Council, that her Majesty's Govern-
ment had finally decided that the claim made to
discharge or re-enlistment with bounty was inad-
missible.' This claim was grounded upon some-
thing that looks very like a quibble—namely,
that they enlisted to serve the Company, and not
the Queen. They certainly did enlist nominally
to serve the Company, but virtually to serve the
Queen. ' A Bombay Artilleryman,' writing to
one of our local papers, puts the case of his corPs
upon a different ground, which is, that Lord
Palmerston, in his speech upon the bill for trans-
ferring the Government of India to the Crown, gave •
it out that the terms on which the East India Com-
pany's European troops should be handed over to
the Crown were those of optional service and the
alternative of re-enlistment or discharge ; and the
writer proceeds to say that his corps considers those
terms, offerred by the then Prime Minister of Eng-
land, as their fair and legitimate right. I don't
know whether the ' Bombay Artilleryman' is cor-
rect in his statement of Lord Palmerston's speech.
But the clap-trap cry of the discontented is, that
they are disposed of by an act of Parliament as if
they were so L.mny slaves. Why, all public,
officers and servants are in their turn liable to be
disposed of in the same manner as the old East
India Company's troops have beer 4 Parliament
,
has only to be careful that no injury-is done to any
vested interest without making adequate compen-
sation. But if what is reported is true, that the
2d Light Cavalry Europeans are the worst of the
mutineers, it would seem that the cry of discharge ,
or new bounty, and the alleged injustice of the
transfer, is a mere pretext with some of the mal-
contents, for the 2d Light Cavalry Europeans are
said to have been enlisted since•the old East India
Company became defunct.
" Central India has all but ceased*to be a dis-
turbed district.
" The subscriptions to the New Five-and-a-Half
per Cent. Loan during the first week are reported
to have amounted at Calcutta to no more than one
lac and a-half of rupees. What is the sum total of
the subscriptions at the three Presidencies for the
three weeks that the loan has been open for I don't
know.

P.S.—The Calcutta Government Gazette has just
arrived. It contains an announcement that the
Governor-General in Council has resolved to for-
bear from carrying out the sentence of hanging
passed by the Special Commission upon the ex-
Nawab of Furrnckabad, on condition he shall imme-
diately quit the British territory for ever. The Cal-
cutta Government vindicate at great length the
resolution it has come to. The ex-Nawab was
found guilty upon several charges, one of which
was the being accessory before the fact to the mur-
der of 22 persons, being European, East Indian,
and native Christians—men, women, and children.
His Excellency in Council states he entirely ap-
proves and confirms the verdict and the sentence
of the Oourt ; bi►t that, Inasmuch as the Nsorrob
surrendered to Major Bstrrow on a promise of par-
don, provided that he had not personally committed
the murder of British subjects, our Government
will not suffer it to be said that the priXtaer Wan
put to death for a crime of less degree than that
which was designated by Major Bartow as alone
rendering him liable to punishment. 4.ooOrdingly
the Nawab is sent into banishment.

COMMERCIAL INTELLIGENCE.
REPORT ON TIIE STATE OF TUB BOMBAY MA.RICZT, FRO3i

THE 12TH TO THE 22D OF MAy.

The Peninsular and Oriental Company's steamship Bom
bay, which reached us on the morning of the 11th instant,
brought English news to the 18th of April.
Our money market is still in a stringent state, the race
of discount for Government and private securities being
and 12 per cent respectively.