The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1857-10-30
afr.tr. of India.

.,..nsnts upsn the columns OF our paper WA ""'
.Sm,t ef their reception after the hour named
Affairs Of India.
Tie last accounts from India give strong gronnde
s,r belief that the India mutiuy VIII be qaeiied
.ven sooner than expected. The army OF Ben /
cal which has unfurled the standard OF rebellion,
nuneered $4,000 men; the British troops In all
India d4 not exceed 50 coo men. OF these not more
tbau tea thou.And Nere In Bengal at the first rising
oflre Scyeys. Up 10 the middle OF SEPTEMBER not
q : isr Of the reiaforcements. which consists OF
sb,u, thirty.hve thousand men Of all arms haa vi
rived from, England Yet with European force !
no, exceeding ten thousand At the time OF the CUT
break and the aid of few sikhs ana other irrese
lars The British though they could not save all |
THAR eatlying garrsons had guarded the capital
AMI .be great cities had defeated the mntineers
against tho most tremendous odds wherever they
met them: Mad gained in strength, prestige and
morale whilst their opponents were becoming di-
yidel diminislsed and disheartened, aud would be
able - retain their advantages till the arrival of
fresh ra-lHlorcements. Two important facts of
more value sud significance than the splendid
victories OF that indomitable warrior, avelock who
1T the age Of sixty-two, shows the most wonderful
energy. prowoss and ardor as well as military
skill are announced, by the late arriyals.-the one
that the natiay is still exclusively military mu-
the other that the remaining Presidcncies of
India continue quiet, and, il they preserve their
loyalty through the discouragements and weakness
of the British cause. tits reasonable 10 anticipate
bu: with te increasing strength of that cause. the
proof that every battle affords Of the utter inability
of the Sepoys 20 cope with British soldiers and the
arrival Of large rcnforcomcnts froIn England the
tranquility Of the other presiiencies will be fully
confirmed. The ptop'e, everywhere, quiet nay
even in Bengal, are friendly TO the British and
show thsir friendship whenever they have an OPP
portunity as in the late British sortic from Luck
now, when the people readily supplied the troops
with all the provisions they required. Yet, this
poor undoo population it is which the East India
Company has oppressed AMI ground to the earth,
whilst upon the robellious SopoyS they have lavish
ed every species OF kindness and indulgence 1t is
to be hoped that VIII English arms obtain the
cendaucy. the uiudoo population may be treated
With the Kindness and consideration which their
gentle and docile ought to elicit aud their
coudIct throughout the present troubles richly de-
serves.
II Is TO be hoped, however, that the Fest Iudia
Company will no longer be permitted TO aimiaster1
alltirs vhich they have shown themselves incapa-
he Of managing. We trust there is truth in
the rumor that Hndostau will, by royal proclama-
ton ee erected into an independent empire
with Victoria its Empress. 1t is predicted ty
oLe London writer, that the old native Hjahs, IA
jsGshiis, and more modern presidences,' will be
abolished; that Nysore, LahOn, Biapooran, Delhi,
cuie, Aapau Agimccr, Asam, &c, each divided
and sub-divided. like other parts of Anglo-SaxoD-
dJt, into civil districts, will become as with the
Old provinces of France, historical sections OF
national whole that SemiBritish Calcutta, not
only tie capital of Bengal. bnt the metropolis OF
Imperial Lindostai,. and that in Calcutta wItl--not
~
yicaresal court.
AS TO the condition of the East India Company
nnder its pecunilry pressure, there are varying
accounts. A few months ago, Mr.. Director Man
slea, the organ Of the Company in the HOUSE Of
Commons, said that although some G2O0,O00 had
been pluGdered by mntinous Sepoys from the To-
cal treasures, aud although there must be a falling
of IN the receipts of revenue owing the disturb
ell state of the country, nothing like financial
embarrassment was 10 be apprehenied. The
very idea OF being forced to raise loan in Eng.
land was secuted. The Company was abundantly
rich. They had had store of ready money in In.
lila more than sufficient to meet every possible
drain their finances. Aud if their Golfers were
empticd of cash, they enjoyed unlimited credit.
upon the strength of which they could command
almost bouudless supplies. There was not the re-
hottest fear that Leadenhal street should have to
ask tho British Government or nation for their
guarantee to aid in efTecting loan or introduce
eiemout Of disquietude upon Change by appear
ing there in the character Of borrowers;
However. II now appears that the Company has
Just borrowed! million sterling of the Bank of
A..gfaud. 5u' though the loan is a safe one and
tla bt"s directors will feel no Inconvenience. the
L.u43A papers perceive that such a project creates
diversion Of capital from other demands ~
round milHon,' SAYS the Chronicle, .'abstracted
from the lank Golfers, reduces pro nto the supply
available for other purposes. Under contingencies
by no means improbable, the result NAV be mani
Tested in a very sensible stringency of the London
Noney Market. If million, OF even half that
amount were substracted from the stock of bullion
at a time when the amount was tiuctuatiug within
certain confines, the Directors would deem them.
selves bound in prudence to raise their rates Of
discount forthwith. The result would bs percey-
Ell through all the branches Of British commerce
though arising FROM cause with which our com
mercial system has absolutely no connection"
IL addition TO this, the London correspondent of
the Philadelphia Inquirer justly remarks the five
million loan can only be reviewed as the first of
series Of contemplated loans required 10y the East
ihIla Company. The directors may say with plan
sibiiily, That 1t is more convenient to pay interest
10 English capitalists than to draw bills uron Cal
cutta. But the Bank is not going to loan milIions
to any company, and ere the East India Comnanv
goes into the market, appeals to the Chancellor
for Tie neediul, the PUBLIC demand to know what
need there is Of any Company at all" or at least
OF any Company invested with the powers of the
obe III Lombard street. To that popular demand
daily waxing louder, and murniiiiiuc from
every group on Change, and at every commercial
rendezvous within two miles thereof the govern
meut must speedily give an answer and satisfac
tory enc too; aud this, notwithstanding that East
India managers sit in the Cabinet, fill offices in
several state departments, and exercise voice DO
tentai IN all questions of national finance The
good sense OF England is beginning To speak in be.
half of placing the India Empire directly under the
British Crown, to be governed by a wiser code at
laws and, in which, whilst the rights of nscence
will be carefully respected, Christianity shall no
longer be ignored by the government, nor its coup
tehancc giving in any shape or form to heather in
stitutiohs. As material help to the perfection Of
tais end 1T has been proposed in the Londan na
pefS, that on the suppression OF the mutiuv every
ai'oshoea solder receive grant of land on the
spo'' thns creating class OF small landed proprie
tpfs, whose influence must tend greatly towarae
the ultimate improvement and social RECOMMENDATION,
otthe aboriginal races. the complete extinction n,
caste, and the more early aud general srro.d #
Christianity throughout the great Eastern ,o;
suar
Tue whole world is interested in the sneaJv s,,,
preston Of the Indian mutiny. That Inutjpv sors
Philadelphia Journal, is likely IN aeac, az.
tronsly vast amount of progressive ir1rs,r, 7.
states that, within the last twenty ye,rs th',
amount 1.-THE products of other eouptr;.s c,ns,,,
ed IN lhaia, has Increased from $4,000 900 to ss5
o'"o'o' anu her native productions have more than
KEPT pace Win IT. In 1855, the surplus Yroiuce of
inaia was si9b0oe0o; In 1855 it exceeded sI25 ooo
a a. ~.