The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1858-09-25

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Uaes IMasa Company
The extinction Of this powerful and anomalous
eorpers&ies, which hes 70 long ruled an empire Of
. nillion and . half Of square miles, and popa
iatiea e nero thas hundred and sixty mi'ions,
IL one Of the wondesfal events OF an era prcHno o.
msevsas il tAs Political ~ we'll ~ the sc'en''n0
world. Lea - 80 what chs East ind'. ooms.a.
hes k>so. yos, without such retrospect II 70 nard
"a r,.,les thas even the omnipotent fat Of the
British Pariiamsnt can cause such colossal
body n disnupsar IKE . pehbie cast into the
ocss.. vithcst creating % much ~ ripple on the
scrfacs Of evsota
The esvsesmsst Of India. which IL now, by act
OF Parliansut vested directly and exclusively 10
the British Grown, was exercised, mp to the pas.
sage Of that oct, BY the Court Of Directors and
Board Of Control OF the East India Company. This
body was elected By tho stockholders. who met
once inthreef months, 10 general council The
possession Of 5000 worth Of stock entitled the
holder 10 vote SIS 900 two3o 600 three, and Of
$4,000 four. The whole number ofvotes last year
was estimated at about 1900. The employees Of
the esmpany, civil, clerical, medical military aud
naval, Comprised nine or ten thousand persons
The salaries Of the high officers we're OF princey
eharaster. The Governor General received $125.
900. Decides psrquisites amounting to $780, 900 the
members Of tbe Governors Council about CSC, 600
each; Law judges $4,000; Collectors and Magis.
tratss $4,000 70 10000. Tho sepoy soldiers, who
have of late appeared to entertain the idea that
the gevsrnnent OF India was not conducted alto
sethsr On the system Of fair play and equal ju'.
tice. received i've and halt pence per day.
TIE nsney capital Of the company has been set
downat eighty millions Of dollars, and tie annual
revenues at one hundred and thirty-hve millions.
Its annual income from the land tax alone, which
the most productive of its revenues, was $685..
100000. Itspjoyed monopoly Of the revenues
from the opium trade, traffic trauscending in
iniquity and misery, ell the horrors of the slave
trade Opism IL in India what Cotton is in South
CarolinA, the best business, and wherever it will
grow, the native population cultivate it, whilst
the Hast 1sdia Company have reaped the profits
The Opium export duties at Bombay amounted In
ls4s 70 IS 900 900, and at Calcutta Is 900, since
which time, II il said, they have vastly increased
OF this sbominable trafic, Capt. Elliott, of the
British navy. very justly remarked, 81 sec little
to choose between 1t aud piracy; and 1t 10 rapidly
staining tho British character with the deepest
disgrace"
Tho latter days Of the East India Company
wese distinguished BY unusual activity and appa-
rent success In the exercise OF their great prnci
ples OF territorial aggrandizement. During the
single naturalization of Marquis Dalhousie, the
company annexed the PuDjsub, Pegu, Nagpore,
Dude, eatarrsh. Shousi, Hyderabad, comprising q
vast empire, and adding more than twenty one
millions Of dollars. This wholesale annexation
has no doubt added its influence to the disturbing
causes which precipitated the Indian rebellion.
The military force Of the East India Company,
before the late mutiny, amounted to 300 900 men,
mostly native soldiers. Railroads had been ex-
tended over the whole extent of the empire and
more than four thousand miles Of the electric tel
egraph are In operation. The material develop
msnt Of the country was making rapid progress
whom the late outbreak began. Indeed, some cf
the best practical talent of England had been en-.
listed In the service of the East India Company
Its Typographical engineers have been among
the most skiilful and efficient in tho world; and
its armies have furnished schools for the best &C.
nsrals of England. The conduct of its military
leaders In the Indian mutiny completely redeemed
the martial reputation Of England, which had
sunk apparently beyond redemption in the cri-
mea war.
We arc not sorry, however, to see the East India
Company pass away II has had under its control
one Of the richest portions of the earth surface,
embracing every variety Of soil and climate, pro-
dnetng the cereals of the North aud the tropical
fruits of tho South, and 1t has converted it into
a vast poison mandatory, and forced the occurs
ed product upon China with the sword, just to
cram its own pockets with unholy gains. 1t has
bad nearly two hundred millions of the barbarisns
under its tutelage, and what has it done for them
All tho world knows what 1t has done for itself,
but the good Of the native population has been
the least Of its object IL Indeed it was an object at
all In tho government Of India 1t has not feared
to permit its revenues to be forced from the mise
rabls peassntry BY the uHs of torture, but It has
feared 70 put the Christian religion equality
with that Of the Hindoo, aud has absolutely i'm
posed penalties upon converts to Christianity The
Hlndoos, who men Of acute intellect, naturally
concluded that these men had no faith in their
own religion, and therefore, the East India Com
pany has proved in effect the greatest Heather
Missionary Society that the world ever saw. Aud
whilst Il has been pursuing its anti-Christian,
money grabbing, native torturing, opium raising
landstealing career, its emissaries In England and
America have been making war upon the Southern
States, whom it hoped to rival in cottonpianting,
and denouLcing the wcke of slavery and of
territorial aggrsudizement Well, it Mas passed
away, and may We never look upon it's like again.
The government directed by the Queen may be
better for the interests Of humanity 1t can scarcely
be worse.