In 1803 the Bombay presidency included only Salsette, the islands of the harbour (since 1774), Surat and Bankot (since 1756); but between this date and 1827 the framework of the presidency took its present shape. The Gujarat districts were taken over by the Bombay government in 1805 and enlarged in 1818; and the first measures for the settlement of Kathiawar and Mahi Kantha were taken between 1807 and 1820. Baji Rao, the last of the peshwas, who had attempted to shake off the British yoke, was defeated, captured and pensioned (1817-1818), and large portions of his dominions (Poona, Ahmednagar, Nasik, Sholapur, Belgaum, Kaladgi, Dharwar, &c.) were included in the presidency, the settlement of which was completed by Mountstuart Elphinstone, governor from 1819 to 1827. His policy was to rule as far as possible on native lines, avoiding all changes for which the population was not yet ripe; but the grosser abuses of the old regime were stopped, the country was pacified, the laws were codified, and courts and schools were established. The period that followed is notable mainly for the enlargement of the presidency through the lapse of certain native states, by the addition of Aden (1839) and Sind (1843), and the lease of the Panch Mahals from Sindhia (1853). The establishment of an orderly administration, one outcome of which was a general fall of prices that made the unwonted regularity of the collection of taxes doubly unwelcome, naturally excited a certain amount of misgiving and resentment; but on the whole the population was prosperous and contented, and under Lord Elphinstone (1853-1860) the presidency passed through the crisis of the Mutiny without any general rising. Outbreaks among the troops at Karachi, Ahmedabad and Kolhapur were quickly put down, two regiments being disbanded, and the rebellions in Gujarat, among the Bhils, and in the southern Mahratta country were local and isolated. Under Sir Bartle Frere (1862-1867) agricultural prosperity reached its highest point, as a result of the American Civil War and the consequent enormous demand for Indian cotton in Europe. The money thus poured into the country produced an epidemic of speculation known as the "Share Mania" (1864-1865), which ended in a commercial crisis and the failure of the bank of Bombay (1866). But the peasantry gained on the whole more than they lost, and the trade of Bombay was not permanently injured. Sir Bartle Frere encouraged the completion of the great trunk lines of railways, and with the funds obtained by the demolition of the town walls (1862) he began the magnificent series of public buildings that now adorn Bombay.