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_ COMMERCIAL . • . **
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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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The first condition for health is physical climate necessarily ; the next is the artificial climate of the barrack . At present great improvements are being made in the ban-acts of India ; but the main thing is to get the soldier , his wife , and children , away from the unhealthy regions of the plains . In the hill stations the residence of women and children will be possible . The married soldier will there leave his family in safety , while the unmarried soldier , on short service , or about to retire , will look forward to marriage in the hill / settlements , and there will be an additional inducement to good conduct and to a man making himself a useful member of society . Thus in every respect the hill settlement will contribute to afford the
It is proposed to name the streets of the newlyconstructed city of Lucknow as Lawrence-street , Havelock-street , Qutram-street , Clyde-street , Neilstreet , Inglis-street , and Banks-street t after the heroes who have distinguished themselves in the city . . . . - ¦ . The Honourable Jolin Peter Grant is appointed Liu tenant- Governor of Bengal . The inhabitants of Madras and Bombay are demanding legislative councils for the provinces , with three English members in each , one East Indian , one Hindoo , and one Mohammedan . We presume in Bombay there would be a Parsee in the council . It is to be hoped that legislative councils and municipalities will be extended , so as to obtain
local self-government . It will have been observed that the English residents have uniformly demanded the co-operation of natives in councils , municipalities , supreme courts , and commissions of the peace . Then * object is to secure the real advancement and independence of India , not by establishing Englishmen as a caste , but by the acknowledgment of Englishmen in their bom rights of citizenship , constituting them the political instructors of the natives , and gradually training and raisingthe latter to the exercise of the duties of self-government . Those of the civilians who still wish to domineer over Englishmen and natives , endeavour to sow illwill , and represent that it is the wish of the English settlers to domineer over the natives . There
is no English planter or merchant but is quite ready to serve on the commission of the peace with natives , but he does object to leave unchecked power in the hands of native officials * Following the ancient traditions , a military officer has obtained two years' s i ck leave to the Australian colonies , but perhaps his object is to become a settler on retiring from the service * The Surat and Broach , railway is completed , but not opened .
The Bengal HurMru , gives the details of . the last examination of native candidates for-the B . A . degree of the University of Calcutta , which are truly preposterous . The question on " Paradise Lost" would have puzzled our English student .
soldier healthy associations , and in so far the labours of the surgeon will be diminished . The Fi-iend of India , remarking on the necessity of completing the military railway system , says , " We may go by rail to Reiginahal , and so reach Darjeeling by the beginning- of 1 . 861 . ; but cannot hope to reach Benares , in the same way , till 1862 , with the present careless indifference to forwarding supplies . " The electric telegraph to Simla is making rapid progress ! . It will communicate with Kussowlie and Kalka . Simla is busy enough , for Lord Clyde is there , and his office at full work . On a vishvto Pinjore to see the Putteealla Rajah , he met with a fall from his horse , and at Kalka was seen all disfigured . ' " ' _ ' * ¦
. ., Leave to Simla has been given to Major A . H . Cobbe , 87 th Foot . A letter from Mussoorie . denies . that Captain Hutton has gone to Jeripanee for Government experiments on feedmg . silkworms on oak leaves , but says that silkworms will not eat oak leaves , and that Captain Hutton is forming a mulberry plantation of his own on his estate at Jeripanee . ^ Leave to Nynee Tal has been given to Captain B .-F . B . Cumberland , 70 th Foot ,: Lieut . G . W . Agnew , 10 th Foot , and to Lieut . G . L . Smith , Adjutant of Shahjehanpore police . Leave to Deyrah and the hills lias been given to Lieut . Col . W . Butler , 60 th Foot .
Iieave to Murree has been given to Major G , G . C . Stapleton , 98 th Foot , and Captain H . Crawford of the same regiment . Puchmurree has at length come into use as a sanitarium . Leave has been given by the Lieutenant-Governor of the north-wesfc provinces , for two months , to Lieutenant F . B . Foote , Commandant of the Hoshungabad District Police Battalion , m Nagpore , to visit Puchmurree and Chilkulda hills . Puchmurree , or Pachmarhi , is a Mil in the Mahadee range , in the north part of Nagpore , near the province of Sangor and Nerbudda . Towards the end of last year these mountains-were pointed out as suitable for English occupation .
The Mahadee range is situated at the eastern extremity of the- Sautpeora mountains , where they adjoin the Vindhya mountainn , and form a group about sixty or seventy miles in length . The chief hills are Puolunurree , supposed to be 4 , 000 feet high ; Dowlagheree , perhaps 4 , 000 ; Dokgur , 4 , 000 feet ; Putta Sunkur , 4 , 000 feet ; Cheura Dee , 4 , 000 feet ; Ambarmaph , 2 , 500 feet ; and Chindwara , 2 ^ 100 fe et . Ohindwara sometimes gives name to the group . The town on it has always been considered healthy , and it has always received visitors . These hill ranges have been found a convenient resort for the mutineers , and at the last advices 2 , 500 were concealed near Puchmurree , so that Lieutenant Foot © may not find it a convenient abode . The Chilkulda hills are apart of the range not before noted .
There is now some prospect , of the important ranges iwNagpore being turned to account . The Bombay Commander-in-Cliief was still at Mahableshwur , at the last advices . Lieutenant F . W . Jones , 18 th N . I ,, has leave to that place . Leave for the Neilgherries has been given to Captain G . O . Geaoh , 13 th M . N . I . and Captain S . P . Scott , 22 nd M . N . I . These periods ore for two years each . Mr . R . E . Norfor , 0 Mr has a short leave .
At Kirkee the Rev . G . L . Alien is acting as chaplain during the absence of the archdeaoon . The Rev . J . D . Gibson is chaplain at the village of Malcolmppeth , near Mahableslrwur . During' the absenoo of tho Rev . Mr . Allen from 'Sattara , the Rev . Mr . Gibson is to perform sorvico there two Sundays a month : tho distance is thirty miles . Mr . L . George has been married to Miss Anne E . Bailie .
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LATEST INDIAN INTELLIGENCE . The last brigade of the Central India Field Forceph&i which hunted down Taritia Topee—has gone into cantonments . A paltry disturbance has broken out in a remote comer of Eastern Soinde . Troops have been . senttp suppress it . Some of the European troops late in the service of the East India Company , chiefly artillery and cavalry , stationed at Meerut , have shown mutinous symptoms in consequence of their transfer to the Crown . The Government of India opened a 5 £ per cent , loan on the 1 st of May . It has also announced the issue of Treasury Bills , bearing interest at 2 £ pies per diem . The Bombay Times says : —" There is but one thing talked of in India to-day , and that is the state of our money-market . The panic in
Bombay is at its height , wliile no surer evidence could be afforded of the healthful character of pur trade in general than that tho mercantile classes are able to escape the widest disaster . To say that discount is ruling at 24 per cent , in the bazaar is not to describe thauptate of matters correctly , for money , in any quantity , is obtainable upon no terms whatever . " The whole European community are naturally incensed at the new taxation tariff established by the Government j but as they are the . loyal portion of the community , and not likely , to rebel , it is , of course , the pleasantesfc policy to lay the burden of the bill for the rebellion upon them . It certainly is a grievance that the . sufferers from native treachery —for almost all Europeans have suffered in some way or other from the mutiny—should be the only class now called on to supply tho deficit of tho
revenues . The intelligence brought by the Overland Mail from Calcutta is only one day later than that received by the last mail from Bombay . A few engagements with the scattered'rebels are reported , in which they got roughly handled by our troops . Nana Sahib is holding the field ngnlnst us in the eastern corner between Nepaul and Oudc , and determined to do so as long aa he can . Humous of discontent in Oude doBerve to be noticed . Lord Canning ' s new loan of 5 , 000 , 000 / . does not seem as \ t it would be raised easily .
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China . —The overland mail brings little news worthy of notice . TUo rebels still continue to infest tho districts around Canton , and it is reported that some advantages hare been gained by the Imporial troops sent against them . Trade suffers severely from tho prosence of tliese bandits in tho consuming districts , and on the great thoroughfares to tho interior .
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at once resort—viz ., either to declare the English sovereign legal tender , and relieve the Bank of England from the plethora of gold which afflicts it , or to declare the notes of the Indian banks such . tender , and authorise their discounting the Mint certificates , by an issue of paper to the extent required . Either measure would be a legitimate and natural remedy for the present state of matters . If the crisis last but a few days longer , the failures in the bazaar will be fearful , and wo owe this state of matters almost wholly to financial misgouemment . "
PANJC AT BOMBAY . T HE late accounts from . Bombay , dated May 1 ^> say , " There is now nothing talked ' of but the state of . the money market . " The panic at Bombay is at its height . At the same time tile trading classes had not suffered from the disaster though th 6 rate of discount in the Bazaar was 24 per cent . Money , indeed , in any . quantity , not to be obtained on any terms . The Mbit was gorged with bullion , and the private banks had still on hand their last importations . " There are two alternatives , " says the Bombay Ti ? nes , " to one of which , were the Government wise , it would .
Within a few weeks a memorial lias been presented to the Colonial Office , from New South Wales , praying that the sovereigns coined there might be made legal tender in India . There gold , coined and uncoined , is in excess ; in India coined gold is much wanted , and nothing prevents the surplus of the one place flowing into the avoid in the other but the barrier which is built up by the Mint regulations of a -government common to both
places . Not only have the Australians an abundance of gold , they have now ample means of coining it , and might drive with India a most prcn fitable industry in supplying it with coined ' money . Let the Government-, if it will , interfere to fix the weight and fineness of the coinSj . but that being done , let it stand aside , and allow the people of Australia to supply the wants of the people of India .
On two occasions lately , April 9 th and April 16 th , we pointed out , on principle , the propriety of taking the course which now , in Bombay ,: the wants of the people imperatively suggest . The continued interposition of our Government to prevent it , will be as bad as continuing the corn laws after it was known that the wheat which could be exchanged for our cloth was allowed to rot , because the law would not permit the exchange . On such material , or almost , we may sa } -, arithmetical rocks , Government is continually wrecked . Over sentiments and opinions it may apparently tyrannise ad libitum , but it cannot dominate over facts . They demonstrate its errors and its misdeeds . As lawswhenbits
in this case or the case of the corn , -y regulations it mars the prosperity of two nations , it tries to thwart the course of nature . This dictates a flow of gold from Australia to India ; anil without directly forbidding this , the regulations ol the Government make it impossible or unprofitable . It always fancies that it enn make society bettor than nature has made it , and the result is , whenever its interference can be brought to the test of facts , that it gets discredited . It it do not soon cease to interfere with tho Jlow ot the precious metals from one country to another , whether the interference be direct or indirect , it will sutler as much in public estimation from its coinujyo regulations as it suiTbrod from corn laws . THE VAJCUJB OV dOl-H . The state of tho money mnrkut at Bombay , and the necessity for us to reihv to our previous discussions on Australian gold and tho want ot it in India , reminds us that about the bjuuo period April 28 , we wrote an article on « What determines the value of gold , " in which wo said that tho vnluo of gold , like the value of othor commodities ,, iron or coal , would bo settled by the quantity ot tho labour and skill employed in producing them . J > j » referred the value , therefore , to tho genomI law which determines the value of all commodities . Lately , however , a new edition of Mr . M'Culloch * Essays have boon published , and in tho Js * &ny cm Monev are the following remarks : - — ., _ ,. „ iciim
" When gold or silver is found In any van * locality its abundance , nml tho chances wiucn w affords to adventurers of onriohing tliomeo ves , ar « uniformly exaggerated , and an excess ot lituuie w
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726 THE MAPEj . [ Commercial ——^ I —^^— i ^——^——i ^ M «^»^ i —^— " ^— ° ^^—— °° * ° » " ¦¦!¦ mni jj ^ ssc-as'uaj— = pg . ^ , ~ T
_ Commercial . • . **
_ COMMERCIAL . . **
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Citation
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Leader (1850-1860), June 11, 1859, page 726, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/vm2-ncseproduct2298/page/18/
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