The present form of government in India was adopted in 1858, after the terrible Sepoy mutiny had demonstrated the inability of the East India Company to control affairs. By an act of parliament all territory, revenues, tributes and property of that great corporation, which had a monopoly of the Indian trade, and, next to the Hanseatic League of Germany, was the greatest Trust ever formed, were vested in the Queen of Great Britain and Ireland, who in 1876 assumed the additional title of Empress of India. The title and authority were inherited by Edward VII.
