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    V^/Ji^v i*V.^ ^^s^^w\ _ 962 THE IiE vAJD...

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    THE INDIAN REVOLT. > No further news dir...

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    ¦ ' T . A'Large Sum Will Be Added To The...

    -within tlie last few weeks , aud . the sufficiently tan . gible measure of the change is given in the enhancement of our own Bank discount to six per cent ., with an intimation that the rate * may go up still higher . Some sanguine persons , indeed , have been anticipating that there would be a reaction downwards , and that money woald be comparatively easy to obtain ; but no calculation could be

    more fallacious . The explanation of the step taken by the Bank of England is very intelligible . Sft Hie "United States some objectionable attempts to make certain stocks more easy of purchase by . disparaging their credit and bringing down the prices , prcduced a panic a few weeks since ; but on theireefs of this disturbance has come a real panic , with the suspension of-payments-in "the . Banks of Boston , Philadelphia , Baltimore , and other places . The hope of purchasing railway stocks held by

    Englishmen , the high price of cotton , and several other circumstances , have excited speculation in the "United States to a preposterous fever , and parties iave entered into engagements on reckonings that Irave been entirely falsified ; they aTe unable to pay those whom they -were to have paid ; those whom they were to have paid are without means , and the whole business of commercial America is in confusion . While many-who owe money to persons on this side are not sending it over , many to whom vre owe money are demanding payment

    and accordingly it is calculated that about a million and a half will be sent over from England to the "United States . At the same time large sums of money axe going over to India , to pay for the extraordinary expenditure there . At the same time , too , speculators on the continent of Europe have been increasing their applications in London , for an advance or a loan of money . Englishmen to whom money is due from Germany or France , not receiving their remittances , are iu their turn obliged to ask temporary assistance . Now there is no man who

    can pay so largely / or accommodation of this kind as the ^ Englishman , or give such stout security ; hence , - the" raising of the Bank discount has the effect , not of withholdi ng the money from Englishmen , but of limiting it to them ; while advancing it also , on much better security than can be obtained from the other side of the Channel . Our

    interpretation of events is confirmed by the fact that the rate of discount has gone up again in the North of Europe much beyond its usual level . The Bank of Amsterdam has gone to 5 £ per cent ., and it would not surprise us to sec it at 6 , or even higher , though that bank piques itself on an habitual moderation . The Bank of Prussia has also been

    going up ; at Hamburg the rate has amounted to 7 $ . The most conspicuons exception at present is presented l > y the Bank of Prance , which remains at 5 i ; but there are several reasons for this . The Government is anxious to keep tip the appearance of prosperity in France a » d the new administration of the Batik ' , acting in . 'concurrence with the Emperor ' s Ministers , hag thought it consistent with the interests of the Bank to buy from England and other places , at large-pticres , supplies of gold in order to

    continue paying its way , although it diffuses money at this lax rate of discount . Influential persons connected with great capitalists and with some of the . Emperor ' s Ministers have been using considerable sums of money to keep up the prices of shares in the Credit Mobilicr and similar institutions , hut this is a process which scorns likely to be brought to an end by the pressure

    which is cxhilatctl in this country . Already tlic shares of the Cr 6 dit Mobilier arc going down in the teeth of the efforts to keep them up . " Under tlii s prctenco of ' case' in Franco there has lurked real bankruptcy ; and wo may look for a financial storm over the whole continent . Characteristically enough , it is very probable that the Austrian Government , which waa to have turned over n new l « af

    m January next , will , instead of showing . that renovated vitality , be obliged to corHjess that its annual deficit , accumulated to 61 , 000 , 000 ^" . with no credit to fall back upon , amounts to actual bankruptcy . There are very few histories of shipwreck that come tip in terrible interest to that of the Central America . Tlie straggle , manfully sustained , so long as there was the least hope , to keep the sinking vessel afloat ; the cheerful endurance of the vpomen :

    the utter ¦ unselfishness of all—for why should we except "fire or six : poor brutes among live Inindred good and brave men and women facing death ?—is a story for America to be proud of . There is hope , we are told , that the noble captain of the lost shi p may have been saved , and not a heart in the civilized world but would leap with pleasure to hear of his safety . Tlie passengers—mostly rough goldminers—standing quietly by , while the women and children were sent away in the boats , vividly recal to mind the loss of the Birkenhead troop-ship , on the deck of whicli our brave soldiers stood as on

    parade while the boats were devoted to their wives and children ; the parallel is awfully complete , for both ships went down beneath the men who had performed these acts of noble humanity and duty . In the wreck of the Transit , we see , as tlie fruit of this grand s nbordination , every soul on board preserved . Of the foundering of a Russian line-of-battlc ship in the Baltic , with 826 souls on board we know littlesave that Russian ships are sometimes almost incredibly rotten in their timbers , and that ^ Russian officers are sometimes landsmen . This subject of shipwreck is illustrated by the publication of the

    Board of Trade ' s Register of the . wrecks "that have taken place on the coast , or in the seas of the British . Isles . It gives a truly startling aggregate of wrecks , and casualties for the past year—837 wrecks , 316 collisions , and a loss of 521 lives ; many of them from preventable causes . 'Unseaworthiness' is common ; and sailors have been punished for refus ing to take ship , while we see hundreds of ships lost in fine weather , and a score going down in * dead calm . ' The great tea-robbcrry , which was discovered at the end of last week , awakens something more than

    suspicion of wide -spread trade-demoralization ; and the anxiety of some of the townspeople to disown the delinquent as a native of the place does nothing to lessen that suspicion . One John James Moore , a tea-merchant , having some time ago let part of his premises to the Customs authorities for a bonded store , has by the use of a forged key abstracted tcachests to the value of ten or twelve thousand pounds sterling . His system was to place in lieu of the chests stolen , others covered with the original canvas , but filled with bricks , turf , and straw . It does not yet appear how long he has been carryingon this daring operation ; but it is supposed for a year . It is coming to light that the affair was wellknown am one ; a certain ' circle , ' long before it ffot

    wind ; nay , it is reported that some of his ' friends ' expostulated with him for not keeping up appearances with the authorities , by taking some of his 'du ' . umics' out of bond when duties were falling and other bonders were naturally reducing their stocks . , A considerable quantity of the stolen tea passed into the hands of Belfast merchants , and the rest into those of the traders in the neighbouring towns , in all cases , on very advantageous terms to the buyer—with no questions asked . Mooiie had made his escape , and the stock on his premises is found to be worth next to nothing ; showing that he had prepared for all contingencies . We hear of stories that the ' whole trade' is indignant , and of large sums of money offered as rewards for his apprehension .

    The second act of the Brain all tragedy is over ; the coroner ' s jury have proved the son , James IIundekso-k , guilty of his father ' s murder , and he is sent for trial . Tho case ngaiuat the man , though purely circumstantial , is very strong . His motive ibr the net seems to stand clearly revealed ; while not a single fact sustains his story about robbers in the liouse on the night of the murder . Equally strong is the circiunstnntkil evidence against tilts

    man Buat . e , committed on the charge of murdering a woman in the Leigh Woods , near Bristol ; but in this ease , the motive is not ; so apparent , for the value of tho property of tho unfortunate woman iippears too small to oiler such a torribli ; inducement to a lrwm in Beam ' s position . Murders , indeed , nrc rather a drug , and when wo rend of one like that at Kiugsland , where a drunken hunbam . 1 cuts his wiie \ s throat in a conjugal squabble , we ' vote it unintcrestiner . '

    V^/Ji^V I*V.^ ^^S^^W\ _ 962 The Iie Vajd...

    V ^/ Ji ^ v i * V . ^ ^^ s ^^ w \ _ 962 THE IiE vAJD EB . ¦ [ No . 394 , Octobbh . 10 , 1857

    The Indian Revolt. > No Further News Dir...

    THE INDIAN REVOLT . > No further news direct from India has been receive during the present week ; but the papers , a usual have been filled with letters from officers ' and Iff ' in the various centres of rebe-llion , adding still SS details of atrocity , disaster , and heroism . SonieTn telligence from the French colony of Pondiol . erry ^ published m . the Pans journaJ Le Pays , which JJ ! that , up to August 30 th , all - \ vas quiet there Tho same authority . states that , on-that day , " the Win ? transport Shanghai arrived at Bombay , comin * from " Heap-Kong with six hundred British soldiers cm board . Ihe Shanghai had sailed on the 23 rd of July and announced the approaching arrival of two other transports , which were to leave early in August » It ia also stated in the Paris papers that °

    " The French Government has received despatches from Ava , the capital of the Birman Empire , dated the 25 th of July . They announce that the Birman Government remains a tranquil and even impassive spectator of the events which are going forward in British Tndia The districts in Pegu last occupied by the British troops are garrisoned by merely a few Sepoys , and the-towns of Rangoon , Bassy , and the cantonment of Tave-3 Ivs -which -were reduced to ashes the same day , are still a heap of rixins . "

    The news of General Havelock ' s victory over therebels on the 16 th of August , when lie captured two > guns without any loss on his side , is confirmed . It appears , liowever , that cholera has been making ravages among the troops , who are exhausted by hard worlc . Lieutenant Campbell and many men of the 78 th Highlanders have died of it . The latest accounts from Lucfcnow are to the 14 tli August , and report ' all well . ' Further subscriptions for the Indian sufferers ha ve

    been collected , and meetings lield , at Durham ( where tlie Bishop of Durham was tlie chief speaker ) , Devizes , Gosport , Truro , Hanley , Wrexham , Maidstone , YVoodbridge , Ilarrogate , Ipswich , Scarborough , Aberdeen , Koad and Woolverton ( Somersetshire ) , Pontypool , Brighton , Wolverhampton , Halifax , Bolton , Shipton , Penzance , Glasgow , Bideford , "VVenlock , Gateshead , Honi tb'n * . iFalrnouth , Warrington , 2 vprth Shields , Ashburton , Bury St . Edmunds , Torquay Edinburgh , & c .

    The Lord Mayor has received a telegraphic communication from Prince Vogorides , the Kaimakan of Moldavia , of which the following is a translation . — " I send you five hundred ducats ( about 235 / . sterling ) in favour of the victims of the mutiny in Indin . Th 5 s sum will be remitted to you ly Messrs . Heine , Lemon , and Co ., © f London . It is but a feeble testimony of my deep sympathy with the English people , and my interest in everything -which affects your great nation . " .

    Tlie Rev . J . H . Clayton writes to the Times to contradict the reported death of Major-General Reed , lately ia command before Delhi , and to say that a . letter received from his daughter at IVrozepore , dated August 13 th , states that the General had reached Simla , and had improved f health . Another correspondent of the Ttmessnys : — " It ivill be satisfactory to the public to learn that a steamer conveying a rlotachrnent of tbe 5 th Fusiliers passed GJmBeepore " on the 104 h of August , and reached Allahabad on the 17 th of that month . A letter dated

    from Allahabad , August 18 , written by an officer who accompanied the detachment , and despatched viu Hembay , has been received by his friends . General Havelock will therefore have possibly received an earlier reinforcement after his return to Cawnjore on the 13 th of August than other accounts have led "us to expect . " We read in , a letter from Vienna : — " According to the well-informed Pera correspondent of the T-t'tester Zeitnny , Lord Stratford has informed ( lie Porte that vast quantities of weapons are bought up by the ultra-Mahometan party in Turkey for the use of their fellow believers in India . The correspondent asserts that the substanco of tho reply given by the Grand Vizier to his Lordship was , that he could not possibly interfere with any private speculation which was prej udicial neither to tho existence nor to the welfare of Turkey . " Wo proceed to give some extracts from private letters , under the headings « f the respective districts . MISKIUIT . Tho following is from tho letter of an officer : — ' No . 2 Barrack , Mefivut . " I have not oven now received one letter since the 10 th of May . What baa become of them I can ' t pa y-This has grieved mo very much . Situated as we nil five , and have been , letters from England aro of tenfold value . It has been a hard fight , and hundreds hnvo lim-n »» IV " dered—men , women , and children ; at Oawnpore 'iiui Futtohghur alone fully three hundred and tffly , ) l h ° many more . Mothers murdered before ( heir clnlilivn , and oven babies liacked to pieces on their mothera breasts . Tho massacres there have been dren < lft _ il liorrible—more than any accounts I may hnvo K 1 V (> "\ . Hcnd you a batch of extracts from the Lahore < : Jtrt » i > W which , liorriblc as they aro , may give you . some autism - tion in reading , as giving proof of the ( k'Hcrntdii' - 1 * -1 ° tho punishments wo aro inflicting and fil'id * >»» ' Never since tho beginning of tho -world liavo «* » iic l

• Citation
  • Leader (1850-1860), Oct. 10, 1857, page 2, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/cld_10101857/page/2/