EAST INDIA AFFAIRS.
It has been seen that a select committee had been appointed to consider the state of the British dominions. This committee, in the prosecution of this inquiry, not only discovered corruption, fraud, and injustice in every department of the Indian government, but that the company’s finances were in a ruinous condition. In order, therefore, to rescue the British name from disgrace, and to secure our territorial possessions in India, Sir Henry Fletcher introduced a bill for “suspending the payments of the company due to the exchequer, and enabling them to borrow the sum of £300,000 for their relief.” This bill, which was declared to be only a branch of a larger plan, passed both houses with very little opposition; an impression generally prevailing among peers and commoners, that unless relief was afforded, bankruptcy was inevitable. Thus works profusion.