The Sun.
London, England, 1857-10-29 00:00:00

THE SUN, LONVO-N, THURSDAY EIIENTNG 0 C TOMER _ 29, 185%

first to volunteer their services for employment in i dor, said hail supplied men and money to Fu.
Bengal, and their officers had fully believed them Ally for the purpose. ,
to be sincere.
"The oils-wee-die well-clad, smooth, and smiling-
" The regiment volunteered in June, and the facet, satanic-minded, and mendacious rascals, had
order for its march from Bangalore was not issued no opportunity of organising end disc:pin-rile corps
SCINDE.
till the end of Jul to ash i eve their intend ed end. They therefore
KURRACHEIC.—The 218, N I have been disarmed,
" The men, therefore, had abundant time afforded wines te informatioe having been of an in-
tampered with the feelings of the lecal troops, who 0 . . . ~
received .
them deliberately to declare whether or not they tended • • ofthe .
risine,.. corps. The circumstances connected
formed the major pore ion of the British army on
the land, and who were the subjects and once the. really desired to fulfil their offer.
__ism with the affair are as under :
" They marched from Bangalore all ranks pro- P e p"'"-' I Last night about 11 ocon , two of the native officers
' 1 k
hissing to be heartily willing to embark. aid servants of the ex-King. E Exciting
were held out to them and reinforcements to a 1 of ' .'
, the corps informed Major M‘Gregor the commanding
"On route, however, there appeared reason to large extent offered to them ; thus the local troops 1 officer, that they had overheard some sepoys saying that
revolted. j at 12 o'clock they were to rise and loot the treasury,
believe that the men were not satisfied in regard to
" The grievances of the conspirators are the fol- 1 mur ler their officers, and make off to Hyderabad.
the rates of pay and pension. he Kin has for no cogent reason, M • M°
Major M Gregor at once mounted his horse, and made
" The commanding offieer then, after conversing lowing :—"i'of his King has,
been deprived - known the eircumstance to the authorities. The 2d Euro-
with the native officers upon the subject, addressed
ceases, begums, nobles, courtiers, zemindars, sepoys, peen Light Infantry immediately fell in, under their
the men upon parade.
" . " Upon this some of the men expressed them- kce had lost the halycon days with the kingdom. commanding officer, Colonel Stiles,. The first thing done
selves unwilling to embark unless they were
al- These grievances they weighed against the benefits I was to strengthen the mess guard, and order all the
ladies to rendezvous there and all the soldiers' wives were
lowed the old rates of pay and pension. These,of the British
hgovernment, and found all over pon-
ordered to the iarte 'd
of th • d a stron
.r. guar e reg! an • however, quickly withdrew their objection—and all derous; t e name of civilisation, high-sounding and
vuard was di cri e to the collector went,sury There ready to empty ; poverty and fa nine staring them in th©~ e t sp'sch d
again declared themselves to be perfectly
meander of the regiment, about 200, marched down with
face ; and money, the root of all happiness, they •
proceed. Major Blake's troop of Horse Artillery to the rear of the
the had none. Since the of the 'insurrection
"Trusting
to the honesty of the men, andoutbreak
fidelity
reported to the Commander-in-Chief that the had intended to convert all the Hi ogees and Maho- each flank loaded with canister, the assembly was
cer
Bth Cavalry were all prepared cheerfully to do their medans into Christians. Mills in Lucknow were sounded, when the regiment fell in at quarter-distance
duty, and to fulfil their promise. consequently stopped, and some boat-loads of atta, column, and were ordered to pile arms and then to file
" The regiment arrived at Streepermatoor, from mixed with finely-powered bones, were imported away to the reverse flank to a distance of about 50
which place the party for the first ship was to move and introduced into the market. Now, as the in- yards. ' The 2d Europeans and artillery then took up a
forward for embarkation. surgents have committed excessive outrages, and position bet seen the acme and the regiment, when they
to take off Oeir belts. Then their • lines
" Then, for the first time, the commanding officer are afraid of the just vengeance which awaits them, were orderedearehed,
and all fire-arms, and became aware that he had been throughout tree- they have given the people to understand that the
weretion weres taken away. swords,The muskets
a nd a 'mini.
cherously deceived, the whole of the men then re- English soldiers will spare no black man of the then piled on commiesariat carts, and taken beltsundwere fusing to embark unless they were granted the old realm. They ought, therefore, to allow no Eliglish- guard to the arsenal. Several of the muskets were
rates of pay and pension. man to pass alive through their country. Some found to be loaded. The regiment was then formed in
" The conduct of the regiment has been most thousands of men, under Rajah Gooroobuccus Sing, close column, when they were addressed by General
unworthy. and four or five mutinous regiments, have posted Scott, who called upon the good soldiers of the corps to
" Had the regiment simply abstained from expres- themselves on the shore opposite to Cawnpore come forward and assist their officers in finding out the
sing any wish to serve in Bengal they would have Ghaut of the Ganges, and thrown trenches round traitors, and by tbat'means keep up the good name which
been left quietly in cantonment; no one would have them, to resist the landing of the English troops. their regiment has always hitherto maintained. The
given them praise, neither would any one have cast "The rebels are well armed for close fighting. regiment was then dismissed, and the Europeans and the
Artillerymarched back to theirbarracks, •
They are brave men no doubt, butthey wont stand Horse
upon them reproach.
they reached about five in the morning. Great•
praise is
"But they volunteered of their own free will ; the platoon firing of the English soldiers ; they are,
• '
es for the prompt measures they have
they marched from Bangalore with every profession moreover, afraid of the bursting of the fatal shells, due to the authorities
taken • in suppressing this emeute, and we cannot help
Government loyalty ; and when7trusting in their truth, the the eff2cts of which they have witnessed with horror thisiking that had some of the men in authorit in the
Government had hired ships for their conveyance, in Lucknow. They have guns of various calibres, Bengal presidency acted with the same alacrity ay
firm-
and made everything ready for the embarkation, and muskets mostly matchlocks, a few only with ness in the beginning, instead of talking of their baba
then, at the last moment, they drew back from their flints. The powder they use is of very inferior sort; toque, things might have gone better.
word. it is not readily ignited. They have no regular Some of the supposed ringleaders of the 21st men are
"They have thus put their Government to shame magazine for it, the article is expensive ; they can- not to be found, and several are prisoners in the quarter
---they have shamed their officers—they have cast not afford to buy it in large quantities. They would guard of the 2d Europeans. A court of inquiry assein-
disgrace on the whole of the Madras Cavalry—and have bad no arms to handle in the present crisis had bled to-day, and we suppose in a few days the origins.
they have branded the Bth Regiment with the the British government held domiciliary searches tor of the plot will be brought to light. The police are
stigma of faithlessness and falsehood. f r them after the annexation of the country, as in on the alert in all directions, looking eut for the missing
"The whole regiment is guilty—but the Gover- the Punjaub, and wrenched every one of them from
ones.
e
Since writhe
nor in Council considers the native officers to be the owners, g the above we have heard that several
ore prisoners have been lod
egged
in
g the quarter guard of
guilty above all others. "In the present excited state of the country, I m
the 2i European Regiment The rin l g eader, Color
It is the first and most important duty of the do not think a few regiments of Europeans can Havildar Ramdeen Pend ay, 'is still and we
native officers to afford full and true information to Penetrate into Lucknow to afford relief to the be- have no doubt when brougeht'inwill meetat laighs,
their European superiors of the real state of their siege(' brave English soldiers and officers in the re- lie well deserves. We have heard this is not thethe fate
troops. Living among them, and closely connected sidency, keeping up the communication with Cawn- time this gentleman has figured in this light.—K first
°said,
with them, it is altogetherimpossible for the native Pore on the rear. Sept. 15,
officers not to be perfectly well acquainted with " The passage via Gogra is beset with danger ; EXECUTIONS.—Yesterday afternoon, at half-past four
the feelings of the men. besides the shallowness of the river after the rains, o 'clock, our station was in a high state of excitement,
"The native officers of the Bth Light Cavalry the whole line of the bank on Gude side is studded owing to its having become known that the general
must have known from the first what was the real with mud forts of zemindars, mounted with guns, court-martial assembled for the trial of the mutineers of
intention of the regiment, but they remained silent. and a vigilant watch kept up in them day and the 21st Native Infantry had finished its proceedings, '
They allowed the regiment to move from Bangalore, night."—lf urkaru, Sept. 18. and from seeing the gallows previously erected, a scene
was expected. Very shortly after that hour the four
_. ,
and subsequently to pass on to Streepermatore,
companies of the 2d European Regiment arrived on the
and still they remained silent. ASSAM. ground with the condemned prisoners on their reverse
"The native officers have thus brought upon The following is from Debroogleur, dated Aug. Rank in gharries escorted by a strong guard under an
themselves the chief responsibility for the miscon- 31, 1857 : . officer. Presently came the 21st Native Infantry, then
duct of the corps ; and upon the native officers, "We hear from Assam that certain pernicious in- the 14th Native Infantry, and Horse Artillery.
consequently, the Governor in Council considers fluences at the principal stations of this province The prisoners were then taken out of the gharries, and
that the punishment should chiefly fall, hive been the cause of a visit to Upper Assam of their names called over by the brigade-major, and the
first seven who were condemned to be hung, with the
"Ho accordingly directs that, as directed by the some fanatical
Moslems,
who were known to have
other three condemned to be blown away, were marched
Commander-in-Chief, the senior native officer pre- been endeavouring
to get up a religious war in to the rear of thegallows between their, late *
regiment
sent with each troop, namely : Lower Assam.
and that erection. The court-martial and the sentence
"Subadar Major Syed Peer, " Upper Assam is consequently in a blaze, and of the court were then read in English by the brigade.
Subadar Mahomed Wuzeer, several tea planters are reported to have fled down- major, and ably translated in an audible voice by Major
Subadar Hahomed Errtum, wards, without consulting the local authorities. Goldsmid. The seven prisoners for the scaffold were
Subadar Syed Modeen, The sad influences and their fanatic aids are be- then marched up to its steps, and ascended without much
Subadar Hanmunt Rao, and lieved to have distribute I the seeds of rebellion assistance. One man only spoke when on the drop. He
Subadar Syed Anser, among the disaffected of the Ist Assam Light In- stated "it was his first offence, and it was no use hang-
be summarily dismissed the service. That, for the fantry, and it is said two Mahomedan na,ti ye officers ing him. He had done 14 years' nokrie." Tho ropes
same reasons; are deeply implicated in a plot to stir up the corps being adjusted after some little delay, the culprits being
" Jemadar Adjutant Fauzil Khan, and to revolt, in the name of the King of Delhi. Ru- faced about to meet the gaze of their late corps, the sig-
"Regimental Havidar Major Sheik Hoosain, meur has it that the authorities of Lower Assam nal was given, and the seven unfortunate rascals were
men peculiarly qualified, from their position to ob- after having set the fire, look to others to
quench launohed into eternity. It was now found it would not
to this." tain information, and peculiarly bound to afford it, it. We'll see ; government should look -••s" do to blow away the remaining three in the square where be also dismissed ; and that all promotion in the ' —_ph Sept. 15. the gallows had been erected, so the brigade was moved
regiment, and all recruiting, be suspended until off about 200 yards towards the maiden, between the
further orders. ROHILCUND sappers' lines, when three guns of the Horse Artillery
"The staff pay of the native mounted establish- . were unlimbered, when the three sentenced to be blown
-
away met with their doom.
merits of the Bth Light Cavalry will cease from tho The brigade remained on the ground half-an-hour,
date of the promulgation of this order at Arcot. during which time the bodies were left hanging, and
then cut down and handed over to the police in carts by
Such further arrangements as may be necessary,
consequent upon the regiment having been dis- a party of the 2d European Light Infantry, who re-
mounted, will be made by the commander-in-chief. [pained in charge of the gallows.
" This order is to be read and explained to We hope this may prove a lesson to any of their
every native regiment in the Madras, brethren who have not made up their minds which God
and government they will serve, that of the Christian
and the English, or that of the Pandy and the Delhi
Rajah. We hear the court-martial assembles again to-
day, and that there are many more with grave charges
against them, as also about 20 who have absconded, but
it is expected their whereabouts will not long remain a
secret with our vigilant police on their heels.—Kossid,
Sept, 18,

FURRUCKABAD.—Mr. Edwards, collector of Bu-
daon, and Mr. and Mrs. Probyn, of .Futteghur,
with their children, have come in safe. They were
protected by Hurdeo Buksh at Dhurrumpore.
Many Europeans are still in hiding about that
country. Major Robertson, of the Artillery, is
lying wounded near that, and will be safe ere llng.
The feeling among the .Hindoo population is for
us entirely. At Furruckabad the Hindoos would
rise on the Moslems there, when we approach it.
Mr. Edwards says, sepoys coming away from
Delhi unarmed, in parties of two or three, were
passing through where they were. The zemindars
and country people are on the look out to murder
them for the plunder. The t.,,eling of tho rrni,
agatuat them is most deadly.—Delhi Gazette Extra,
Sept. 19.

CAWNPORE.
We have a letter from Cawnpore of the 2d inst.,
from which we learn that the expedition against
Bhittoor in the early part of August was comman-
ded by Major Stephenson, of the Ist Madras Ma-
dras Fusiliers, on which occasion they took from
Bhittoor 21 guns, 3 vlephauW, 03 uuwE4, 140
bnl-
locks, the Nana's carriage and horses, saddle cloth
of gold, and jewil-hilted sword, and abundance of
silver in rupees and images.—Madras Spectator,
Sept. 24.
The following is from Cawnpora, dated August
22, 1857

PERSIA.

ETTA.WAH. -It is reported that 150 sowars of the
Gwalior Contingent passed through Ettawah on the
12th inst., on their way to their homes. Parties of
the contingent sepoys were also seen going home on
the 12th and 15th inst.

We are indebted to aft Fend for—the following extract
of a letter from the Persian Gulf. It is not unlikely
that we are to receive a fresh illustration of the folly of
establishing relations at all with barbarians destitute
alike of truth and honour. If Persia has really com-
mitted the folly of again giving us pretext for war, she
deserves to suffer severely, and our permanent footing in
the Gulf will in all probability be the issue. This will
undoubtedly be convenient for us just now :
KARRACK, Sept. 9.—A report has come in that
Murray has hauled down his flag and returned to Bagdad.
Caonel Jacob remains for the present at Bushise.
haps the Persians have repented, on hearing of our
disasters in Bengal, and hope to take advantage of our
troubled.

" The Hon. Company's steamer Berhampooter,
whilst on her way to Cawnpore, stopped off a vil-
lage called Nasingur (about 40 miles above Allaha-
bad) for fuel. The zimindar, in company with the
villagers, fired into her ; the commanding officer
ordered 50 of the. Madras Fusiliers, under com-
mand of a senior lieutenant, to land, and on the
men reaching about 100 yards from the bank they
were fortunate to defeat 200 rebels, and to capture
four guns, with ammunition, besides taking the
zemindar prisoner, all within an hour."—Phoenix,
Sept. 16.
Seven of the fugitives from Futteghur have, I
rejoice to hear, reached Cawnpore safe and well.
I have heard the Dames of 'Mr. Probyn, collector
of Futtsyghur, Mrs. Probyn, Mr. Jones, Mr.
Gabriel, and Mr. Edwards, collector of Budaun.
they were saved by Huldeao Buz from Burham-
p ore.—Poona Observer.

The Duttea. Rajah is said to be at war with the
Ranee of Jhansie.-111oficssilite, Sept, 19.
MEERUT. —The operations of the " demonstra-
tion" column had been successful, on the evening of
the 10th, in repelling with loss the Malagurgh in-
surgents on this side of Hauppur. The guns of the
rebels were silenced, and one of them disablt-d ;
but in consequence of the darkness we were unable
to follow up the defeat. It was subsequently dis-
covered that they bad 10 killed, bbsides many
wounded. . They had abandoned their guns and
fl©d for some distance ; but on hearing that we had
retired afterwards carried them off. We met with
no loss. The Jat population, almost without any
support from us, seem sufficient to keep Wuleedad
Khan in click.

" We are rather warm still here ; 96 deg. to-day, and.
was 98 deg. yesterday, the highest."—Bombay Times.

COMMERCIAL.
THE BOMBAY MARKETS.

REPORT ON THE STATE or THE SOMBAY MARKET FROM
SEPT. 17 TO OCT. 2.

HATTRASS, Sept. 16.—A1l goes on well. Mr. W.
Gardner and all the family had arrived safely from
Khasgunge, and were to come to Agra to-day.
In Ghous Mahomed's box, Mr. Cocks states, that
there were found " perwannahs from the folks at
Delhi calling upon all the zemindars of Oude to keep
their rents for the King of Delhi.
" Bnkht Khan, in a per wannab, styles himself
Lord Governor General Hind ke."
A report had come in of a regiment of sepoys
without guns having reached Khoorja from Delhi,
and of two more being behind it. If so, they must
be fugitives from the siege.—lbid.

The English mail from London of the 26th August
last reached Bombay in the afternoon of the 19th
September, per Peninsular and Oriental Company's
steam ship Pekin.
We have no change to report in our money market
during the fortnight. Money continues easy and abun-
dant in the Bazaar, and bank rates of interest remain
unchanged—viz., 6 to 9 per cent.
Government paper has rallied a little, and we quote
Fours 82, and Fives 92 ; few buyers. Our local joint-
stock shares keep pretty firm.

- - IMPORTS.
COTTON PIECE GOODS.—Our active season may now
be considered to have fairly commenced. The accounts
of the prospects of the harvest from the interior are very
favourable. Our import market has exhibited consider-
able activity, and prices have advanced. Extensive
business has been done, principally in grey skirtings;
cloths have been scarce ; Dhoties are in demand. The
prices of grey goods have advanced generally.
BLEACHED AND FANCY Goons. --In bleached goods
we have no change in prices to notice. Turkey red is
steady, with a slight advance.
TARNS.---An improvement has taken place in the
value of these.

SAUGOR.
The party that escaped from Lullutpore on the 12th of
June last reached Saugor on the 15th inst., after an im-
prisonment (and no gentle treatment) of two months by
the Rajah of Shaghur. The party consisted of the follo-
jog individuals :—Capt. Sale, 6th Regiment Scindia's
Contii gent ; Dr. O'Brien, surgeon ditto ; Lieut. Gos-•
don, Deputy Commissioner Lullutpore; Capt. Irwin
6th Regiment Scindia's Contingent, his wife and two
children ; M. Vivieres, patrol salt department ; Ser-
geant Carroll and his wife.—Bombay Times.

METALS.-The demand for English bar iron has in-
creased, while no change worth notice has taken place
in the other staples, which continue steady.
SPIIIITS.-300 doz. Marzetti's London bottled beer, in
quarts, re. 4 12 per dozen ; 75 doz. do., in pints, rs. 3
per dozen ; 300 doz. Bass's London bottled beer, rs. 5
per dozen ; 600 doz. do. porter, rs. 3 14 per doz. ; 100
doz. Robinson's crown port wine, re. 18 per dozen ; 275
d, z. sherry wine, rs. 3 18 per dozen ; E 0 doz. port wine,
rs. 3'lB per dozen.

EXPORTS.
COTTON WOOL.—The market continues firm. The
news of an advance in the rates of cotton, which we re-
ceived by the English mail of the 26th August, has had
the effect of creating animation in the market, and much
business bas been transacted at an advance of 10 or 12
rupees per candy. We quote Surat and Broach at rs.
156 54 ; llhollera ra. 160 to 161 ; Oomeravuttee rs. 149
to 151 ; Compta re. 176 to 177 ; Mangarole re. 147 to
148 ; and Khandeish rs. 141 to 142.
OIL-SEEDS.—Thie market continues firm, and we have
no alteration to notice.
OPIUM.--A small stock of the new drug has come to
hand, and we now quote rs. 1,501 to ra. 1,525 per chest.
TONAGE.
The rates of freights fort he United Kingdom have
remained nearly steady, and we now quote 21. sa. to
2/. 10s.

EXCHANGE
Has ruled at 2s. l'Ecd. for first-class bills until vaster-
day, when buyers gave way, and the rate fell to 2s. Igd.
six months' sight.
On Calcutta, sight is rs. 103.
On China, 60 days' sight, rs. 220.

to have behaved well. Some native officers of the 2d Ditto, premium in England, 5 per cent
gave information that something was wrong, and the GOVERNMENT SECUEITIES.---4 per cent transfer loan,
83r, 4 per cent loan 1832-33, 83r nominal, per 100 Sicca ;
military authoricies ware on the qui vice to prevent dis-
-4 per cent Bl r, Bombay Gazette Extra, Sept. 23. loan 1835-30,2 , 4 ,-
cent loan 1841-43, 81
New 5 per cent Iran, 91,r, nonlinal, per 100 Co.'s.
PRIORS OF BULLION,— Sovereign, each, 101 r; Bank of
England notes, 2-14 r to 10r; •Spanish dollars; 212 r per
100 ; Republic dollars, 220 r to 222 r per 100 ; German
crowns, 215 r to 210 r per 100; Sycee silver, 105,ir per 100
toll +s ; gold leaf (range of quality), 163 r per tolls ; gold
ingots, according to touch, for 97 touch, 16ir per tolls.
FREIGIITR—Cotton To London, 21 5s per ton; Liver-
pool, 2/ 6s per ton; Calcutta, 385 to 400 rs per rasa; China,
8 to 9 rs per edy.

The one day latter advices from New York yes-
terday morning fully confirm the anticipations ex•
pressed yesterday regarding the effect of the bank
suspensions. No new failures are announced. One
or two of the most important houses that had pre-
viously stopped had resumed business under an
extension from their creditors. The rate of exchange on
England had advanced from 100 to 108, and in all the
principal speculative stocks there had been an average
recovery of 10 per cent. This result, moreover, had
taken place before there had been time to perfect in any
way the arrangements necessary to the working of the
new order of affairs. The banks, for instance, could not
make any general expansion, because they had not yet
agreed as to the mode and proportion in which they
would receive each other's notes. Specie was still re-
qaired at the clearing-house for their respective balances
at the end of each day, and hence each was afraid to put
out notes lest the others should not do so to a similar
extent. Practically therefore the only aid the merchants
had yet received consisted in the relief from increased
pressure, and in the conviction that the restoration of
mutual action among the several banks in all parts of the
State would remove the paralysis which had rendered it
impossible for remittances to be made or produce to be
transported from one centre of business to another. The
Metropolitan Bank, the third in the list as regards the
amount of its deposits, and two others of considerable
magnitude had already notified that they would receive
at par the notes of all the legitimately organized banks
in the State, and a meeting was to be held on the even-
ing after the departure of the present advice, to bring
about harmonious action in this respect. Upon
that point being at ranged, and a decision adopted
as to the extent to which each bank should be per-
mitted to expand its circulation, the transactions
of commerce might be expected to return to their
ordinary channels, and, as delay would be fraught with
mischief, it may be assumed that all parties would act
with promptitude. The Fulton, therefore, will pro-
bably bring intelligence on Friday that the entire note
issues of the State of New York are again performing
the function: of currency. This effected, the exchange
transactions with other States will simply depend upon
the estimate entertained of the security of their indi-
vidual banks, and of the period at which such of them
as have suspended may be expected to resume specie
payments. In the case of the Pennsylvanian banks the
discount seems at the last date to have been 6 per cent.
These quotations will vary from day to day, but busi-
ness will adapt itself to them with perfect ease and
regularity. Throughout the Union, therefore, there
will again be complete facilities for the movement of
merchandise and the settlement of accounts. On the
question of the course of exchange between Europe and
America the view is equally clear. When the New
York note circulation shall have been legalized as a
tender no one will want gold, except for the purpose of
exportation and hoarding, and any remittances front this
side would therefore inevitably result in loss. Suppos-
ing the paper issues of the banks, which are all based on
the security of State stocks, to be kept, as there is little
doubt they will be, within limits not exceeding the ac-
tual requirements for carrying on the internal trade of the
country, this paper will be maintained at par—that is
to say, it would be taken for its equivalent in
English sovereigns or American eagles. If on the
other hand, it should be issued in excess it
would fall to a discount as compared with gold or bills
on London, and the result would be that English sove-
reigns and gold generally would flow to this side. With
the excess of paper issues prices would nominally ad-
vance and importation of foreign goods be again stimu-
lated. The holder of gold would not pay it to his
neighbour, because he could legally discharge his debt
by bank notes, bat would take it to a money-changer,
who would give him in these notes a number of dollars,
perhaps equivalent to 21s. or more for every sovereign.
This gold would then be sold by the money-changer to
persons having payments to make to England, and the
process would go on till the country had been thoroughly
drained of all its specie. The idea that henceforth bullion
can be profitably sent to America is therefore s mply
absurd. Such an operation could not take place unless
the inconvertible note circulation of New York were to
stand a higher value than gold itself. It is true that
gold might be sent out by houses on this aide to buy up
bills drawn upon themselves, and which, owing to their
being in discredit, had become purchaseable greatly
below par; but the method would be clumsy, even in a
' transaction of this kind, since they could pay the gold to
some London house of unquestioned standing and so
obtain a New York credit which would be just as avail-
able. The conclusion consequently is that, supposing
all the arrangements for legalising the existing suspen-
sion to be duly carried out, the flow of bullion will, in
the course of a month or two, find again its natural
channel, and, instead of passing from London to New
York, will come from New York to London. Almost
all the American payments from America to India
and China are made through this country, and the
mining wealth of California likewise is expended in the
purchase of European goods. There is constantly,
therefore, a natural balance due to us from the United
States, and an alteration of this condition of affairs must
at all times be utterly anomalous. For the present the

THE MONEY PANIC IN NEW YORK.

(From the Times City Article.)

TROOPS IN' AND AROUND DELHI.
The following is a detail of the troops, &c., forming the
force before Delhi :
Commanding—Brigadier-General A. Wilson, Artil-
lery.
Aides-de-camp—Captain Barcbard, 20th Native In-
fantry ; Lieutenant Turnbull, 75th Foot ; Lieutenant
Lawe, 74th Foot, extra ; Lieutenant Low, 9th Light
Cavalry, extra.
Adjutant-General's Department—Major E wart, as-
sistant adjutant-general ; Captain Stewart, 9th Native
Infantry, deputy assistant adjutant-general.
Quartermaster-General's Department—Captain Shute,
deputy assistant quartermaster-general ;
Lieutenant
Roberts, Artillery, deputy as,istant quartermaster-geae-
ral ; Lieutenant Jones, 9th Lancers, deputy assistant
quartermaster-general.
Judge Advocate-General's Department Cantain
Maisey, deputyjudge advocate-general; Captain Wilson,
deputy judge advocate general.
Comissariat Department—Lieut.-Colonel Thomson,
deputy commissary-;eneral ; Captain Sibley, assistant
commissary-general ; Captain Briggs, 71st Native In-
fantry, S.A., commissary-general ; Lieut. Waterfield,
23d Native Infantry, S.A., commissary-general; Capt.
Grindall, Bth Native Infantry, S.A., commissary-
general.
Medical Department—Surgeon Tritton, superintend-
ing surgeon ; Surgeon Batson, field surgeon ; Assistant-
Surgeon Mactier, surgeon to staff.
Ordnance Department—Capt. J. Young, commissary
of ordnance.

Pay Department—Capt. Tytler, 38th Native Infantry,
in charge of military chest.
Baggage Master—Lieut. Douglas, Horse Artillery.
Ecclesiastical Departcnent—Tbe Rev, J. E. Rotton,
Ep'scopal chaplain ; the Rev. Fred. Bertrand, Roman
catholic chaplain.
Provost Marshal—Sergeant-Major Stroud, Horne
Artillery.

Artillery—Brigadier Garbett, commanding ; Captain
Frith, brigade major.
Horse Artillery—Lieut.-Colonel Mackenzie, command-
ing. Troops : let Troop, Ist Brigade ; 2d Troop, Ist
Brigade (4 guns) ; sth Troop, Ist Brigade (without
guns) ; 2d Troop, 31 Brigade ; 31 Troop, 3d Brigade.
Foot Artillery—Major Brind, commanding. Troops :
3d Company, let Battalion, No. 17 Battery ; 3d Com-
pany,. 3d Battalion, No. 14 Battery ; Ist Company, 4th
Battalion of details of other companies, 4th Battalion ;
4th Company, 6th Battalion ; detachment of European
recruits; two companies new Sikh Artillery.
Engineers—Lieut.-Colonel Baird Smith, chief engi.
neer ; Captain Chesney, brigade. Troops : Three com-
panies (or thereabouts) Sappers; 300 Sikh Sappers;
1,000 Pioneers (not armed or disciplined).
Cavalry Brigade—Brigadier Grant, 9th Lancers, com-
manding ; Captain Hamilton, 9th Lancers, brigade
major. Troops : Four troops 6th Dragoon Guards ;
9th Lancers ; 2 troops Ist Punjaub Cavalry 3 • 2 troops
2d Punjaub Cavalry ; Lind's Moolt in Horse ; Hodson's
Sikh Horse.

let Infantry Brigade—Brigadier Showers, 2d
Fu.iliers, commanding ; Captain Simpson, Sth Native
Infantry, brigade-majlr. Troops : 75th Foot; 2d
Fusiliers ; Kemaoon Battalion.

2d Infantry Brigade Brigadier Longfleld, Bth Foot,
commanding ; Captain Nicholls, 50th Native Infantry,
brigade major. Troops : 52d Light Infantry ; 60th
Rifles (6 companies) ; Sirmoor Battalion.
3d Infantry Brigade—Brigadier Jones, 61st Foot,
commanding ; Captain Burnside, 614 Foot, brigade.
major. Troops : Bth Foot (5 companies) ; 61st Foot
Rothney'e

4th Infantry Brigade—Brigadier Nicholson, 27th N. 1.,
commanding ; Captain Blane, 521 Light Infantry,
brigade-major. Troops : Ist Fusiliers ; Coke's Sikhs ;
Green's Sikhs,

Not Brigaded—Corps of Guides.
Staff of head-quarters, kc., in Camp—Brigadier
Chamberlain, acting adjutant-general ; Lieut. Norman,
assistant adjutant-general ; Col. Beecher, quartermaster-
general; Capt. Garstin, deputy-assistant quartermaster.
general ; Lieut.-Col. K. Young, judge-advocate-general;
Capt. Johnson, assistant adjutant-general, Artillery.—
Bombay Telegraph, Oct. 3.

NANA SAHIB'S PROCLAMATIONS.
The following proclamations issued by this mis-
creant have been forwarded to us for publication.
The let is dated the Ist of July :
" As, by the kindness of God aryl tho ikbal or good
fortune of the Emperor, all the Christians who were at
Delhi, Poonah, Satarah, and other places, and even
those 5,000 European soldiers who went in disguise into
the former city and were discovered, are destroyed and
sent to hell by the pious and sagacious troops, who are
firm to their religion ; and as they have all been con-
quered by the present Government, and as no trace of
them is left in these places, it is the duty of all the sub-
jects and servants of the Government to rejoice at the
delightful intelligence, and to carry on their respective
work with ...r,rniori, nut cane."

Prod /illation dated the Ist of July and issued
by order of the Nana :
" As, by the bounty of the glorious Almighty God
and the enemy-destroying fortune of the Emperor, the
yellow-faced and narrow-minded people have been sent
to hell, and Cawnpore has been conquered, it ie neces-
sary that all the subjects and landowners should be as
obedient to the present Government as they had been
to the former one • that all the Government servants
should promptly and cheerfully engage their whole mind
in executing the orders of Government ; that it is the
incumbent duty of all the ryots and landed proprietors
of every district to rejoice at the thought that the Chris.
tians have been sent to hell, and both the Hindoo and
Mahomedan religions have been confirmed ; and that
they should as usual be obedient to the authorities of the
Government, and never to suffer anf complaint against
themselves to reach the ears of the higher anthoritiev.".

return to a normal condition will be delayed by the enor-
mous amounts of English capital lately authorised to be
drawn for at New York for investment in American
securities at their depreciated prices ; but this effect will
be merely temporary, and it will tend, moreover, greatly
to facilitate the revival of stability in that city, and to
maintainits note currency at par value. Hence there
will be DO danctor of }nerd;.,,, w.l Lbu batiks bot..c.il
now and the sth of April will have not the slightest
difficulty in recovering whatever stook of bullion may
be requisite for them safely to return to cash payments.
Under these circumstances there will be good hope that
a majority of those among the firms lately broken by
tens and hundreds who have previously conducted their
business on honest principles will be able to resume, and
that the ultimate prospects of creditors on this side will
prove far less gloomy than has been recently appre-
hended. This will be a point to test the honour of the

American mercantile community. In Massachusetts
there are stringent bankruptcy laws, but there are none

in New York,andany hOuse- that suspended can

easily force its creditors to any kind of settlement. If
the recovery from the crisis should be characterised by
a faithful resumption of obligations, the credit to the

community will be proportionably strong, and, judging
thud far from every communication received, there is not

a single sign that an opposite course is likely to be par-
sued.

THE LIVERPOOL BOROUGH- BANK.

The failure of the negotiations with the Bank of Eng-
land for the support of the Liverpool Borough Bank has
been caused, not by any withdrawal on the part of the
Bank of England, but from the refusal of the other Liver-
pool establishments to give the guarantees originally
agreed upon, the plea of these parties being that the
temporary stoppage of the bank has removed the chief
inducement for them to come forward. They are willing
to give their notes as a collateral security to meet any
deficit after the realisation of the bank assets, but not to
come under any more immediate and direct liability.
The Bank of England, however, could not depart from
the conditions first stipulated, which alone were legiti-
mate. The negotiations therefore terminated, and, from
the notice issued to-day by the Borough Dank, it is to
be inferred they are not likely to be renewed. The dis-
aster will prove most serious, but it will fall at the mo-
ment chiefly on the depositors and ultimately on the
stockholders, since there can be little hope that under a
forced liquidation any portion of the capital of
1,000,0001. can be saved. The shock to the commercial
community will, it is believed, be much mitigated by
a course which the Bank of England will take for that
purpose. Ordinarily the Bank refuse to discount any
paper bearinglhe endorsement of a suspended establish-
ment, but in the present case, it is understood, this rule will
be waived, and no bills of a sound character, endorsed by
the Borough Bank, will be rejected on that account. A
great mass of paper will thus be prevented from be-
coming practically inconvertible. The total commit-
ments of the Borough Bank, in the shape of endorse-
ments, &c., are rumoured to amount to more than
3,000,0001., but a large portion is of an indirect
character, and will be duly provided for by responsible
parties. The deposits, which recently amounted to
1,500,0001., have latterly been reduced, it is said, to
about 1,000,0001. Many of these having been lodged
by persons for the sake of permanently seouring a high
rate of interest, the inconvenience of their being
temporarily unavailable will be leas felt than if they had
belonged to traders in active business.
It is affirmed that the investigation which must now
take place into the affairs of the Liverpool Wrough
Bank will develop a most unsatisfactory system of
management, and show that advances have been made
to individuals of amounts which could not fail in any
period of pressure to lead to fatal consequences. The
last report of the bank, a copy of which is annexed,
announced a reduction of the rate of dividend from
7 per cent. to 5, in consequence of the winding-up of
the affairs of 1854 (rendered memorable by the failure
of Mr. Oliver and others), but added that the business
of the bank was unimpaired, and that certain changes
about to be made in its policy and regulations would
prevent similar losses for the future :
" REPORT OF THE DIRECTORS TO THE PROPRIETORS.
"According to the last report, the paid-up capital
of the bank was 900,0001., and the reserve fund was
101,0001. 10s. 11d.
" Since that date two calls of 11. per share have
been paid upon the new shares, making the capital

i" rable view of the liquidation of these aec'iunts, the
whole of the reserve fund will be required t) m..et the
losses incurred ; and that on the other hand, taking the
most unfavourable view eon intent with probability, the
good current liusiness of the regular continuance of the
dividend, without encroaching on the capital at the
same period in the ct,ruing year.
" In laying this statement before the sbareho!ders the
directors desire strongly to impress upon them that its
unsatisfactory character is to be attributed to the affairs
of 1854, and that, apart from these, the sound and le-
gitimate business of the bank would have enabled it to
pay the ordinary dividends, and also to add largely to
the reserve fund, notwithstanding the losses that have
been ices rred subsequently to that year. They wish
also to state their confident expectation that the change
they are making in the policy and regulations of the
bank will effectually guard against the recurrence of
similar results.
"Mr. Smith having stated to the directors that bin
health would not longer permit him to undergo the labour
of conducting the details of the manager's duties, and
having in consequence requested to be relieved from his
office, they have with reluctance complied with his wish,
and have made arrangements that Mr. Thomas Sellar,
who is in every respect eminently qualified for the post.
shall, from the let of August next, assume the position
of manager. Mr. Smith has, at the request of the di-
rectors, consented to take a place at the board, and to
continue to give the bank the aid of his valuable assist-
ance.

"WILLIAM RATHBONR, Cbairman."

In the published accounts from Manchester this morn-
ing it is remarked that a bank at Glasgow is said to have
suffered largely, "and will have to wipe off nearly half
a million of money in bad debts." That enormous
losses have been sustained in that quarter, through the
reckless disc aunt of a mass of accommodation paper,
has been known for some weeks past ; but it is now
stated, apparently with confidence, that the institution
in question will be furnished with all requisite aid by
other and more solid establishments to carry it through
all its engagements. The belief, h.wever, is that an
ultimate winding-up is among the conditions on which
this assistance has been agreed to. With regard to the
final safety of the noteholders and depositors there could
not have been the smallest doubt, even if help had been
totally withheld, since the individual wealth of the pro-
prietary is estimated at not less than 5,000,0001. or
6,000,000/.

THE INDIAN MUTINIES.

(From the Times.)
_ _

The Bombay Mail has brought us further intelligence
as to the fall of Delhi, and although these accounts are
still meagre and unsatisfactory enough is told to show
with what indomitable vigour and determination the
British troops advanced to the assault of the fortifications
which sheltered that band of execrable miscreants. The
siege train arrived on the 4th of September;, with enor-
mous exertion the ponderous artillery was placed in
position by the Bth, and on the 13th the bastions and
curtain against which our fire was directed were mere
heaps of crumbling ruins. Now arrived the long looked-
for day of retribution ; the troops, like greyhounds in
the slips, were eager to 'rush to the storm, and General
"Wilson issued an order of the day as remarkable for its
sense and firmness on those issued by the Supreme Go.
vernment have been distinguished by totally opposite
qualities. The Major-General praises his troops for the
cheerful way in which they have supported their past
toil, and warns them that greater lsbours are still to
come, which must. be borne as cheerfully. He " feels
as•iured that British pluck and determination will carry
everything before them, and that the bloodthirsty and
murderous mutineers will be driven headlong out of
their stronghold or be exterminated." He " needs
hardly remind the troops of the cruel murders committed
on their officers and comrades, as well as their wives
and children, to move them in the deadly struggle. No
quarter should be given to the mutineers ; at the same
time, for the sake of hursanity, and for the honour of
the country they belong to, he calls upon them to spare
all women and children that may come in their way."
It is impossible to convey in more precise terms than
these the duty —no doubt " uncongenial," but still a
duty—which has devolved upon our Generals and sol-
diers in the East, at the very moment when the prestige
of our rule so much depends on the confidence it inspires
in its friends and the awe with which it is regarded by
its enemies. When we find, then, that the lives of our
countrymen and the safety of the empire are perilled by
an opposite policy, which by shielding the mutineers
and their accomplices maddens and drives our own
regiments to mutiny, we are induced to interpose and
demand the abandonment of measures which every man
of common sense must see can only lead to more wide-
spread disaster. We have already commented in severe
terms on a recent notice issued by the Governor-General
in Council as tending to hamper the military authorities
—and among the heads of intelligence brought by this
mail one paragraph has roused the indignation of all
who read it. It is reported—and we shall be glad to
hear that it is only a report—that Mr. G. P. Grant,
member of the Supreme Council, has been sent up to
the disturbed districts, with power to control the Gene-
rals in command in the execution of martial law ; or
rather, we should say, that in defianse of the maxim,
Inter arum silent loges, the Governor-General and Coun-
cil have decided that martial law shall not be established
even where our little columns are struggling in the
midst of the vast armies of the insurgents. Thus it is
plain that the proclamation of a few days before has not
been allowed to remain a dead letter. A. civilian, igno-
rant of military usages and military requirements, has
arrivedos. auimuiluy or tne brene-
rals at their own head-quarters. And what was the
place chosen for the first display of imbecile mercy? It
was Cawnpore, where the streets are still red with the
blood of our slaughtered women and children, and where
the ground has just closed over their mangled remains.
General Neill bud taken 150 prisoners from among the
fiends who a few weeks before had tied English women
down in the publics ways to violate them, and had chopped
little children into bits in an orgie of bloodthirstiness.
The place had been retaken by our troops after a series
of battles the heroism of which will be celebrated as long
as the British name endures, and the natives were
finding that, though outnumbered twentyfold, the race
which had conquered the country had strength to hold
it and to execute justice on evildoers. Those who are
at all acquainted with Asiatic character will bear wit-
ness that the condign punishment of these rebels taken
in arose would have impressed the country, far and
near, with the conviction that we were powerful, and
knew it, and were prepared to make others know it too.
The effect of a summary execution would have been
equal to another victory. Every tree and gable-end in
the place should have its burden in the shape of a
mutineer's carcase. Thus has treason been crushed in
other places ; thus have Scinde and the Punjab, and
even the Bombay Presidency been preserved to U.
But between justice and these wretches steps in a
prim philanthropist from Calcutta. General Neill is
not even left to exercise his judgment within the nar-
row limits of the proclamation ; but Mr. Grant takes
the command out of his hands, and directs not merely
that the forfeited lives should be spared, not merely
that the offenders' punishment should be commuted
to transportation or perpetual imprisonment, but that
they should be absolutely and unconditionally set at
liberty. The telegraph may well inform us that the
indignation was great and general at the leniency
of the Government. The effect of this most scandalous
proceeding may possibly be to undo much of the good
resulting from the fall of Delhi. Some of the men thus
liberated were, we may be sure, in the camp of the
enemy within 48 hours. What news were they likely
to carry ? Teat the Calcutta Government was afraid,
that it dared not hurt a hair of their heads, that the Go•
vernor-General had sent one of his own Council to pre-
vent the General in command from touching them, that
the English bad found that they must coax the Sepoys
back to their allegiance, and that if the Sepoys stood out
they would soon have everything their own way. Is
this any exaggeration of the view which a race so igno-
rant and vain would be likely to take of Mr. Grant's in-
terference ? And when we have Nana Sahib with 30,000
savages between our little force and the nearly exhausted
garrison of Lncknow, is it not time to remonstrate
sternly against the pusillanimous lenity of the Govern-
ment ?

What the enemy is capable of we know already ;
what their notion and hopes are we may judge from the
proclamations of Nana Sahib, which we print elsewhere.
While the Governor-General is dreaming of drawing back
the mutinous Sepoys loy kindnes', the hero of Cawn-
pore is addressing his followers in a tone of the most
self-complacent confidence. "As by the kindness of
God and the good fortune of the Emperor all the Chris-
tians who were at Delhi, Poonah, Sattara, and other
places, and even those 5,000 European soldiers who went
in disguise to the former city, have been sent to hell
by the pious and sagacious troops it is
the duty of all the subjects and servants of the Govern-
ment to rejoice at the delightful intelligence, and to
carry on their respective work with comfort and ease."
This proclamation of the Nana was issued shortly after
the attack on Cawn pore, and by the end of September
he must, though after three months of impunity, have
begun to feel some doubts as to the stability of the new
monarchy. The execution of a few of his confederates
would, no doubt, have served to quicken his apprehen-
sions or those of his followers. He may indeed soon
learn to his cost that " the yellow-faced and narrow-
minded people" have not been all " sent to hell ;" but
if anything could maintain his delusion it would be such
proceedings as have just taken place. Can there really
be a policy more suicidal than when the whole country
is swarming with rebels who may disperse to-morrow or
keep the field for weeks, according as their fears or
hopes prevail, for a Government to exhibit itself as
afraid to act with severity, and as endeavouring to draw
back the Sepoys by inducements which they will be the
first to deride We have before now made some obser-
vations on speeches at home which have indicated much
of the same maudlin feeling of humanity. Here it is,
indeed, harmless enough, but when by communication
or sympathy it is transmitted to those charged with the
conduct of affairs it becomes a serious matter. To over-
come such folly is as much a duty as to fight the enemy ;
and, indeed, why should we triumph at the fall of Delhi or
the victories of Havelock ? They are gained at our
own expense. It is our reused apprehension of danger,
struggling with the results of our want of foresight ; it is
bravery repairing the disasters caused by folly ;
it is
endurance making up for previous false confidence. Such
blindness and perversity as have prompted the miss
ion
of Mr. Grant may,aehoevxeptn expiated by newTn,
perhaps,
by have
new to be
calamities and repaired
Civil Government of India may rest assured that, when-
ever the time comes for reviewing its conduct,' it will
find it no easy task to stem the current of popular feel-
ing, which has set so strongly against it. It need not
aggravate the difficulties of its position by wantonly
insulting the feelings of every man, whether soldier or
civilian, who is engaged in fighting its battles. " There
if a time," says the wise manP "tQ kills And a time to
_ _