Derozio is evidently unhappy with the British rule in India and refers to the same in the line “The eagle pinion is chained down at last”, where eagle refers to India. It is believed that in early days of British rule, foreigners referred to India as the Golden Eagle or Golden bird as it was very rich and one of the largest producer of gold and diamonds. Foreign visitor were awed by the riches and hospitality that India offered.
However, the British rule and internal weaknesses brought the country slavery and demolished its pride and identity. This thought is clearly conveyed in the following line by Derozio: “And groveling in the lowly dust art thou”
There was an acute sense of hopelessness due to lack of freedom and stagnation in the standards of living. Derozio says that there is nothing more to write apart for the then current situation of the country (“no wreath to weave for thee, Save the sad story of thy misery“).
Therefore Derozio wishes to bring back / write about the past of India (“ages that have rolled”) by “diving into the depths of time” and bringing back its glory (“small fragments of those wrecks sublime”). This glorious past may be forgotten with time and people may never get to see or read about again (“Which human eyes may never more behold“).
As a reward for his labour, Derozio prays to his country to grant his wish i.e. return of the past glory and