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Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.
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Leader Office , Saturday , January-30 . A NEW LOAN . It is pretty generally understood in Monetary Circles that a new loan will shortly be effected . The amount , it is believed , will not be considerable It is expected that Exchequer Bonds will be created , not Consols . A considerable amount of the existing bonds expire in May next ; and there is no doubt that a new issue would be very readily taken up .
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INDIA . OFFICIAL . TELEGRAMS The following telegram from Mr . Acting Consul-General Green was received at the Foreign-Office , through Malta , Jan . 29 , 4 . 25 p . m : — " Alexandria , Jan . 26 , 1858 . " The Bombay arrived at Suez yesterday , with Bombay dates to the 2 nd hist . Sir Colin Campbell was still at Cawnpore at the date of the latest advices , but was shortly expected to move westward with a powerful force . Sir James Outram , at Alumbagh , attacked and defeated the enemy oil December 22 , capturing four guns , with trifling loss . General Roberts has been appointed to command a field force in Rajpootana , which is assembling at Deesa , and which is to march on Kusseerabad . No fresh disturbances have occurred in any part of the Deccan and Central India . The Punjab is tranquil . " LYONS , Admiral . "
The Gazette of yesterday evening some - portant despatches received at the East India House . The first is a General Order by the Governor-General of India in Council , dated Fort William , December 24 th , expressing his thanks to the officers and men engaged in the final relief of Lucknow , and in the operations against the Gwalior Contingent . Sir Colin Campbell , Brigadier-General Hope Grant , Captain Peel , R . N ., of the Naval Brigade , Lieutenant "Vaugban and other officers and men of H . M . ship Shannon , and Major-General Mansfield , Chief of the Staff , are specially and highly eulogized . General Windham is neither praised nor blamed .
The second document is from Sir Colin Campbell to the Governor-General ( December 2 nd ) , and has reference to the removal of the women and children , sick and wounded , from Lucknow , and the relief of General Windham after hie discomfiture . Sir Colin withholds all opinion with reference to the disaster to Windham ' s force . The third paper is General Windham ' s own account of the affair with the Gwalior men . It is addressed to the Commander-in-Chief , and is dated November 30 th . He states : — " Finding that the Contingent were determined to advance , I resolved to meet their first division on the Pandoo Nuddee . My force consisted of about 1200 bayonets and eight guns and one hundred mounted
Sowars . " This was on the 26 th of November , and the action , it will be remembered , terminated in our favour . On the morning [ of the 27 th , the Gwalior Contingent made the attack which resulted so disastrously for us . The General writes : — " In spite of the heavy bombardment of the enemy , my troops resisted the attack for five hours , and still held the ground , until , on my proceeding personally to make sure of the safety of th e fort , 1 found , from the number of men bayoneted by the 88 th Regiment , that the mutineers had fully penetrated the town ; and , having been told that they Tverethon attacking the fort , 1 directed Mnjor-Genoral Dupuis , R . A . ( who , as my Second-in-command , 1 had left with the main body ) , to fall back tho whole force intotho fort , with all our stores and guns , shortly before dark . Owing to the fight of the camp followers
at the commencement of the action , notwithstanding the long time -we held the ground , I Tegret to state , that In making this retrogade movement , I was unable to carry off all my camp equipage and some of tho baggage . Had not an error occurred in tho conveyance of an order issued by me , I am of opinion that I could have ixoVl my . ground at all events until dark . " Tho General states that for several dayB he received no directions from Six Colin at Lucknow , though he had sent several letters , ¦ and was therefore compelled to act for himself . With preference to this , Sir Colin says , in his despatch to tho ^ Jovernor- ^ Genera ] , that none of General Windham ' s letters , announcing the approach of tho Gwalior force , came to hand . Tho first notice tho Commandor-inr CTi 3 rai 5 Tttrth 16 irlpr ^^^ Ing . M All previous reports , " writes Sir Colin , " had declared that there was but little chance of tho Gwalior
Contingent approaching 'Gawnporo . " No . 4 is M ; ajor-Goneral Dupuis ' s report to General "VPJnu'biwn ( dated November 30 th ) , of tho actions of tho ¦ four previous dayo . No . 5 is Sir Colin OrtmpboH ' a doa--patch to Lord Canning ( dated December 10 th ) , rolnting ¦ fho ' subsequent successful proceedings against the Gwalior rebels . From this it appears that tho Commander- ; ¦ in- ChWf requested General Windham to remain in com- ' Trtund df the entrenchment , and ho thanks him for hlw aervicea on the 6 th of December . ¦ "
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THE EAST INDIA COMPANY . " Speaking of the East India Company , I am bound to say that any investigation into the conduct of that body will , I believe , tend to their credit . I do think they have ever been excited by a sincere desire to promote the welfare and interest of those who are placed under them . Contrasting the administration of the Company with that of any other colonial establishment that ever existed , I am convinced that their conduct will redound greatly to their honour . "
This was the opinion of Sir [ Robert Peel— - an opinion which he expressed repeatedly , in power and in opposition , during the long course of his career as a statesman . It was his habit to ask the rash advocates of change if they had considered the extent of territory over which the British authority was acknowledged , the enormous masses of population subjected to our dominion , the revolutions of empires that had made us the masters of India , the immense distance from home at which our sovereign administration was
exercised , the difference of languages , manners , religions , between the governors and the governed . " We think , if Peel were still among us , he would exclaim against the danger of attempting to destroy the East India Company while it is actually engaged in struggling for the integrity of the empire . This is , on our part , no new opinion . We have held it from the first ; amidst the indiscriminate outcry Taised upon the receipt of disastrous intelligence from Delhi , we warned the public not to be persuaded by Crown apologists , who at once showed their willing-Control with
ness to barricade the Board of the ruins of the House in Lendenhall-street . For a time the " Whig tactics appeared triumphant ; but the opinion of the country has been considerably modified , and it is now very generally felt that , although a new form of government , consolidated and simplified , might be advantageously ostablished , the present is not a safe opportunity for undertaking the experiment . " We have the best reason for bolieving that many leading statesmen not in the Cabinet are pausing in opinion , and are not prepared at once to follow a Minister whose Indian
policy has been foreshadowed by his introduction of Lord CjjANiuoAimE into the Cabinet . Lord CkA . Niuo . A . 'KaDE may not bo appointed ^ In 4 iari-SeoT 0 tai'y-, ~' nor--may-. h ©^ bo ^ so ^ biackjiia Mr . Kxjooh and the Times once painted him ; but we cannot forget tho violence and recklessness of his recent speech at the London Tavern against the East India Company . We represent , we are sure , no inconsiderable proportion of tho public of all classes , when wo Bay that the proposal of immediate legislation for India is premature , to say tho lea&t . Among politicians of weight and judgment it is seriously '' questioned whether tho period of
a crisis is one in which the machinery of on * imperial Indian Government should be taken to pieces and reconstructed experimentall y after a new model . Is this the moment to tell the . natives that the "Company has misruled then ) , and must be abolished ? Is this the time , with local credit on the decline , and a loan about to be thrown upon the market to derange the system under which our In . ' dian revenue is collected ? Is it wise , with a work of reconquest before us , to be creating a new military framework , and placing unlimited patronage in the hands of those Avho have appointed Lord Qeobge Paget to be
Inspector-General of Cavalry ? Years ago , a distinguished statesman declared that , if the patronage of India were to be transferred wholesale and without check from Leadenhall-street to Downing-street , he would not give seven years' purchase for our Asiatic possessions . Crown advocates retort upon us the example of Ceylon . And how long is it since Ceylon was disturbed by an insurrection ? Ar > rl who have been the governors oi that dependency ? If there be any virtue , sense , or independence in the House of Commons , it will not conae down pledged to support , at all hazards , the Ministerial programme .
Under the East India Company has flourished a splendid race of soldiers and statesmen , drawn from the middle classes and promoted for merit . Have their claims been acknowledged at home ? When has a company ' s officer been appointed to the chief command in India ? Never ; except in the case of Sir Patrick Grakt , who fell into the place accidentally , and was removed as soon as his successor could land in Bengal . The middle class Indian service has not been justly treated by the Crown ; and we have a right to fear that its highest honours would in future be bestowed upon Lucans and Paqets . It seems as if the alternative
between the East India Company and the Cabinet were that between a man like Sir J ames Melville and a man like Mr . Vekkon Smith . The Compait y ' s petition is too elaborate to be popularly studied ; but we present the main points in order that the reader may reflect xipon them with candour and impartiality . The East India Company , at its own expense , and by the aid of its own servants , laid the foundation of a British-Indian Empire coevally with the policy which , on the part of tho Crown , lost irretrievably the
British-American Empire . They submitted to various modifications , and the latest of these took place in 1858 . Tho double Government , as now established , has not boon four years in operation , and is , therefore , comparatively untried . Nothing has been shown to prove any connexion between the recent disasters and the form of the Indian Home Government , or tho conduct of tho Company or its agents , while , if errors of administration have been exposed , tho Crown , aa the deciding power in all cases , is chicily
responsible , It must bo remembered , while this point is under notice , that the Court of Directors cannot develop any measure without tJio consent of tho Board of Control , while tho Board of Control may act independently , o 1 the Court of Directors . So that tho pruisimxXjreaponsibiliby always , and tho sole rcsnonafbi li fcToBeli , TTSTw iiirfliOfiniBtCTtrot
the Crown . History bears out the petitioners ni their appeal to tho generally beneficent roaults ol their Indian rule . To this subject wo need ¦ not return , but will pass oh to a suggestion of very sorious import . What would b « tho ort > ot in India of intoHigenoo that tho Comp any had been destroyed , and that a groat Horse-Guards nrmy was coining out to su-
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— > s SATURDAY , JANUARY 30 , 185 S .
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There is nothing so revolutionary , because there is nothing so unnatural and convulsive , as the strain to keep thing ' s fixed when allthe world is by the very law of its creationm eternal progress . — DeAehoip .
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NOTICES OCOiOOBBBSPONBBNfES . It is impossible toaoknowledge the mass of letters we receive . "Their insertion is of ten . delayed , owing to a press of matter ; and when omitted , it is frequently from reasons quiteindependent of the merits of the communication . Several communications unavoidably stand over . No notice can be taken of anonymous correspondence-Whatever is intended for insertion must be authenticated by the name and address of the writer ; not necessarily for , publioation , but as a guarantee of his good faith . Wo cannot undertake to return rejected communications .
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Citation
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Leader (1850-1860), Jan. 30, 1858, page 106, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/vm2-ncseproduct2228/page/10/
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