The Placer herald., 1857-07-04
The British East India Company.


dominion over realm covering million
and half Of square miles, with population
of upwards Of one hundred and sixty mill
ion. This vast empire embraces every vari-
ETY. of soil and climate, and its productions
are varied and valuable The money capi-
tai of the company is fl6,OOO,OOO sterling,
or nearly eighty millions of dollars, and its
annual revenues, which are annually increas-
ing, are estimated at one hundred and thirty
five millions At the date of the last report,
the Company consisted of 1850 stockhod-
ers privileged to meet in general council.
A holder of $1,000 of stock has one vote; of
$l5 900, two; of $50, 600, three: and of $50
900, four; provided always he has been in
possession OF the same twelve months. The
whole number of votes at the present time
is estimated at about 1900. These stock
holders, thus qualified, meet once in three
months, in general council They elect the
court Of directors and oard of control, in
whom is vesred the actual government OF
India.
The employees of the company are divided
into five classes - civil, clerical medical,
military and naval-and comprise nine or
ten thousand persons. The Governor General
receives salary of *l25,oOO, and his per-
quisites are valued at 100000, yearly; the
members of the Governors council receive
an annual salary of $48 600, the bishops %l2,-
600 to 1926 900, the law Judges, thirty in
number, $4,000 and the collectors and
magistrates $4,000 to 10000 OF the rev
enues of the East India Company the land
tax is most productive, Welding annually
$75,OOO,00o. Next in Importance are the
revenues derived from the opium trade, which
amounts to $50, 100000 yearly. HE stand
inc military force of the Company is about
three hundred thousand men, Europeans and
natives.
Although vast and selfish monopoly, the
East India Company has, in pursuing its
gigantic schemes of efaggrandizement ac-
complished great deal in the way of de-
veloping the resources of the country by
building roads and constructing railways
and magnetic telegraphs. Although mainly
advantageous to the Company these and
other great improvements indirectly benefit
the native population by furnishing them
with the great levers of civilization.
QUARTZ MINING CoNvENTIoN.-The la
bors of the Convention of Quartz Miners
have been brought to a close and Caifor-
MIA Quartz Miners Association permanently
formed. The proceedings of the Convention
were not characterized by any act worthy of
note with the exception of the report of a
basis upon which the Association was formed.
This object was carried into effect after the
adjournment sine die of the Convention.
Permanent officers of the Association were
elected, and the California Mining Journal,
printed at Grass Valley recognized as the
official organ Of the association. Among
other officers elected was a Register and
Curator, whose office is to be located at Russ
vile, in this county. This Office will be a
kind Of depot for specimens and information
connected with the different quartz min
throughout the State. The Society is of a
character similar to the Agricultural Society
of the State, and through its organ will be
enabled, doubtless, to lay much valuable in
formation before the public. Although the
number Of members is as yet small, there
is every reason to believe that in the course
of time, as its objects become known, the
whole body of quartz miners in California
will connect themselves with the newly Or
ganized society. Sacramento Union.