The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-12-16

TO join the Isis There-as thresscors and ten years
later he fod the talerose in his mind scheme which,
through all the turns OF his eventful career
abandoned He would the estate which had be-
ionged to his fathers lie would be Hastings Of Dayss
ford
This purpose, formed in infancy and poverty, grew
stronger his intellect expanded and his fortune
He pursued his plan with that calm but indomabe force
OF Will which was the most striking popularity OF his
character. When under tropical SUI he ruled fifty
millions of Asa,ics his hopes amidst all the OF war;
finance and legislation still pointed to DayIeso I'd and
when his long public life, checkered with good and
evil with glory and oboqny had at epg h closed for
ever, it was at Daylesord that he retired 10 die
is there among the managers OF the Transit Company
any one that boasts long line of illusous ancestors
like Hastings, whose boyish fancy and ambition have been
tired to recover. patmorial estate that has passed
from the iamiiy possession
The rapacy Of of them might induce the suspi.
cion-the firm bargains made among themselves, by
which II has been shown that single steamboat makes
about $50 600 per annum more than single steamer ia
the service, where the proprietor of tho line
cleared hi, million OF ollars per annum
It may be stated the authority Of Macauisy that
Eastern NabobCheyte Sing-in the hope Of obtain
ng some indulgence from Hastings in the payment of
tribute to the Esst India Company y offered him
bribe Of go 0O0 Has ngs took the money and his enc
mics have maintained that he took 1t in ending to keen
=. He certainly concealed the Transaction for time
both from the Council at Bengal and the Directors at
home Public spirit or the tear Of detection, however,
determined him to withstand the temptation He paid
over the bride to the Company's treasury.
In the transactions Of the Transit Company is there
managers and agents being paid into the treasury the
eompsnyY About f2S0o0 depressing the sum in ster
received
by Cheyte Sing) the extra earnings of the "SerrA
Nevada, over what she would earn per annum by the
contract under which she entered the service The
should not be lost to sight that the old contract
ceedingly liberal.
The building Of engines and boilers and the repairing
jobs OF steamboats, Is well known to be busine that
yields large profits when 1t contends with all the chances
Of lair competition. But when in this business
becomes the ruling genius of company like the Ncara
qua transit which owns several large steamers and
make bargains with them in which his owe cupi lily Is
the only limit to his profits, it may be safely assumed
British company ever enjoyed like advantages Of crafty
inp his avarice This of itself is mine of untold
wealth. to which Hastng position In its palest days,
could furnish no parallel
Hastings from the condition of humble account
ant going through various grades of service in all Of
them having proved his extraordinary and II may BIO
said uneqnalled capacity, both in military and
civil affairs. After many long years of arduous
for his native land with the gains he had accumulated
from the resources of one of the most fertile minds that
existed. may well be doubted Il his fortune am
pie as is known to have been equal to that which
has been acquired in few short years in the service of
the Transit Company.
that he generally supposed to have been the author OF
Junus the historian says was forced to acknowledge,
with sullen and resenul candor, that there
tending against the pen Of Hastings His power Of max
ing out case-of perplexng what ii inconvenent
people TO understand and OF setting in the clearest
point OF view whatever would bear the ghtwas iacom
parable.
1t is great reproacn Hastings fame to compare him
with the managers of the Transit Company in anything
except avarce and in this he could but vie with them.
Hastings admirers have ground for garnhing this
vice In him. by Of the fact that his exactions were
in most the seeming necessity under which he act
edof obeying the orders OF the Directory at home. The
est virtue could have withstood as left him no
choice, except to commit great wrongs resign his
post, and with that post all his hopes OF for
tune and distinction The Directors never enioined
applsuded any crime In their letters many just
and humane sentiments many excellent precepts; but
every exhoration is modified annuled by demand
for money. Govern leniently and send more m oney
practice strict justice and moderation and send more
money. This is the Of almost all the instructions
that Hastings Directors Be lust and
unjust moderate and rapacous. Hastings saw that it
necessary for him to disregard the moral dscourses
or the pecunary acquisitions Of the directors Being
forced to dsobey them in something he correctly judged
that the safest excuse would be to neglect the
and find the rupees
If his mind restrained by conscientious scru-
pe than any Of the managers of the Transit Company
i no. less fertile in expedents and he not slow
10 discover and reduce to practice plans by which the
finances OF the company were greatly benefited.
In the execution Of his schemes the holders Of the
stock Of the East India Company received large dividends
besides advantages resulting from appreciation How
have the holders of che Transit stock been benettedS
What beggary portion of its profits have gone Into
their peckets compared with the millions which have
been grssped by Its managersp
Hastings exceedingly clear and precise in all his
accounts and statements. Amongst all the structures
was never called in question His efrontery not
equal to the putting forth of statement showing a
cash balance on day certain OF 1859 000 and subse
quenty with reference to the date putting down
at about ST. coo.
When boys, Hastings and Cowper formed friendship
which neither lapse of time nor difference of opnion
and pursuits could dissolve When the voices of crowd
of great orators crying for vengeance the OPP
Of India the secluded and pure minded poet could
imagine to himself Hastings, only the Hastings with
whom he had played and rowed on the Thames, and
fused to believe that good tempered fellow could have
done anything very wrong.
Ii there any man who has in a measure like Cowper,
preserved the innocence of boyhood that in clear
conscience speak word in for the managers the
Nicaragua Transit CompanyS H.