§9. In those days of imperfect telegraphs, there was an interregnum of two months. Meanwhile, Sir William Denison, Governor of Madras, acted as provisional Governor-General. With great presence of mind, he sanctioned all the measures which he had previously sent up from Madras for the confirmation of the government of India. In January, 1864, Sir John Lawrence landed at Calcutta as Viceroy and Governor-General.
Sir William Denison at Madras.
Sir William Denison returned to Madras. He is said to have been hostile to competitive examinations, and anxious to govern Southern India without the help of an executive council. But his ideas of government were not in accord with those in power, and competitive examinations and civilian members of council have remained to this day.
Sir Bartle Frere at Bombay.
At this period Sir Bartle Frere was Governor of Bombay. He was an Anglo-Indian statesman of the first order, with capacity and experience combined with diplomatic tact. He had done good service as commissioner of Sind. Since then he had graduated in the Indian executive as Home member of Lord Canning's cabinet. But, like many Indian civilians, he was too self-reliant, and fell upon evil times when Indian experiences could not help him.
American war: cotton famine.
Sir Bartle Frere was transferred from the cabinet at Calcutta to the government of Bombay at the moment when war was raging between the North and the South in the United States of America. A cotton famine was starving Manchester, and Indian cotton rose from threepence a pound to twenty pence. Bombay cultivators loaded their women with jewels, and shod their cattle with silver shoes. The spirit of speculation was rampant. Europeans and Asiatics, shrewd Scotchmen and cautious Parsis, rushed blindly into the wildest gambling. Mushroom companies sprung up in a single night like the prophet's gourd, and flourished like the South Sea Bubble. Clerks and brokers woke up to find themselves millionaires, and straightway plunged into still madder speculations, dreaming, like Alnaschar, of estates as large as counties, of peerless brides, and of seats in the House of Lords.
Crash and panic.
Suddenly the American war collapsed, and cargoes of cotton were hurried from the States across the Atlantic. Prices fell to zero. There was joy at Manchester, but weeping and wailing at Bombay. The Bombay Bank had been drawn into the vortex of speculation, and loans had been advanced on worthless shares. How far Sir Bartle Frere was implicated is a disputed point; but the bank stopped payment, and Sir Bartle Frere lost his chance of becoming Viceroy of India.
Civilian experiences of John Lawrence.