The Sun.
London, England, 1857-10-31 00:00:00

_...—) Dir.E.WS_ PAPER
pilots from bringing in any vessel ;41., ~..;_, 4
~
underwriter. The consequtnice ti tha!-, :is o 4
t r ... h_.
towed* , - - '‘-',.. Ir.:
mint have a Government pilot on .hoarcill. '4 er.- * ...r ,''. KI
writer's occupation is gone. --The A merit.; N.:__NArii----,1. -- - ' ''''.
-- 1 _416..‘"
chants in C.4lc.utta. are in eueliit, st,it4 of ..-, ;t -„, oat • rt, -
that they have eausea this 'l.lAlish,-0/c1),.,, uf ..., M ' 4.44 Se,
tugs to take the matter Up, lijui..l tiii.ii„..,.i ,
ti that
the latter have given directions to thecelein,,nderi - '
of all their tugs not to take any Government vf•Fsel
in tow, or any vessel having Gevernm:rr tr,)c,pi ou _
looArd. The Government interests, th.e public int e-, i ...1,
rests, must suffer from the imbecility of the in'zrine
authorities.

The state of the money-market hero is something
frightful, for not merely the merchants but the banks
. . . Merchants vainly sought loans on their com-
pany's paper. The Bank of Bengal could not ad-
vance money even on Mint certificates. . . . It
refused cheques drawn against them. . . . The
Government was tnen applied to, and adsanced a
large sum on Mint certificates. . . . Unless money
comes from England a terrible financial crisis must
overwhelm Calcutta.

The arrival of the few troops that have already
come has had the effect of slightly raising the value
of Government stock, which as the troops pour in
may probably resume something like its former
value, unless indeed a loan at 7 per cent. or some
higher figure be raised out here, or an imperial loan
be raised at 4 or 5 per cent. Then where will be the
4 or 5 per cent. East India Company's paper ?
The Bank of Bengal, a month or two ago, through
their Government di t ection, bout 230,000/. of
Government paper as a speculation. In the pre-
sent dearth of money, which will last some time yet,
tbey must sell out, and they will be fortunate if
they do so with a loss of 30 per cent. However,
with the advent of the whole of the troops every-
thing will improve.
We had a grand field day the other day with the
infantry volunteers. We mustered 560 men, and.
were reviewed by Lord Canning and Sir Colin
Campbell. We really went through our evolutions
and marched remarkably well. Our commandant,
Major Davies, deserves great credit for the way in
which he has drilled us. Both Lord Canning and
Sir Colin seemed much pleased with us. We were
told by the former that Lady :Miming would take
nn:early. onkortunity prpreseoting• the regitheit
with -col Ours. 'Talk of the English not :being a
military nation. I defy any one of the great powers
to turn out, iu so short a time, a body of volun-
teers, cavalry, artillery, and infantry, as well dis-
ciplined, as well drilled and as effective in every
respect, as we exiled Anglo-Saxons have done in
Calcutta. The cavalrachave already got themselves
a small band, and we of the infantry have made ar-
rangements to buy the band of the disbanded (I
Can't help the pun) 10th Native Infantry, which we
shall take over directly the Government sanction
the allowance for musicians.

_
- '

The Royal Artillery (300), brought by the Sans-
pareil, leave for the Upper Provinces tP-morrow by
river. The 93d Highlanders and the Sappers and
Miners proceed along the Grand Trunk road at once
by bullock train, 100 men per day. The Esplanade
of an evening presents a very different appearance
to the old hundrum course of Calcutta. Two line-
of-battle ships, the Sanspareil and Belleisle, the
splendid screw frigate the Shannon, with the Pearl,
are moored off the Esplanade. Numerous large
transports, the monster Himalaya, and men of war
of the Indian navy are at anchor in the stream.
Several bands play afloat and on shore, and military
and naval uniforms of every description are seen.
everywhere. Highlanders and sailors, artillery-
men and marines, yeomanry cavalry and men of the
mounted land transport corps, fraternise in little
groups, or walk up and down together. The great
guns f the men-of-war, the 500 or 600 tars-on
board each of them, have given the natives of Cal-
cutta a more practical notion of Englani's strength
than they have aver had before.