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Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.
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was ppssibLa that the wsar might go on , without inquiry oftUe House , simultaneously -with the negotiations . THE BUDGET . The Chaxcelcor op the Exchequer brought forward his ; financial statement . He said that it-was more in the' ordinary course to bring forward the Estimates before introducing the Budget , but lie had reversed that course out of deference to the wishes of the House . He called attention to the state of expenditure and revenue of the current year . He stated that last year ho estimated the revenue of the current year at 71 , 740 , 000 ^ . ; it had reached 71 , 885 , 000 ? . The expenditure he estimated at 82 , 113 , 000 / ., showing a deficiency of 10 , 000 , 000 ? . and a fraction . To cover that deficiency , loans were effected : part of the first loan of 5 , 000 , 000 / . was received this year , then there was another loan of
5 , 000 , 000 ^ , and an . issue of 2 , 000 , 0007 . of Exchequer Bills , making the loans available 7 , 000 , 000 / . ; only 1 , 000 , 000 ? . of Exchequer Bills was , however , borrowed . The total receipts by revenue and loans was 79 , 000 , 000 / . ; the expenditure would be about 78 , 000 , 000 / ., leaving a balance of more than 1 , 000 , 000 / . The right hon . gentleman having gone through the usual com . parison between his estimates of revenue last year and the expenditure , he proceeded to estimate , the expenditure of the ensuing year at 05 , 494 , 000 / . ! Of this the interest on the funded debt would , take 28 , 550 , 000 / ., the charges on the Consolidated Fund 1 , 707 , 000 / ., and the cost of the services , civil and uailitaiy , would be-32 , 904 , 000 ; the estimate for the army and militia
being ll , < 525 , OOO / . the navy 8 , 109 , 000 / ., packet service , 966 , 000 / ., civil ^ sesvice 7 , 250 , 000 / ., collection of the revenue 4 =, 215 , 000 i . ) superanuation 475 , 000 / ., and a vote towards the Persian expedition of 26 , oOO / . There would also be required a sum of 2 , 250 , 000 / . to pay off Exchequer Bonds and a portion of ' ¦ the sinking fund on the last loan of 5 , 000 , 000 ? . As regarded taxation , lie proposed to reduce the income-tax to 9 d . in the pound for three years , on . incomes of 150 / . ; and to 5 d . in the pound on incomes of 100 / ., which he intimated would produce 9 , 000 , 000 / . He estimated the revenue at 66 , 365 , 000 from all sources , which , as against an expenditure of 65 , 494 , 000 / ., would leave a surplus of 871 , 000 ? . A desultory discussion followed , but no debate in the strict sense of the term , and the formal resolution moved by the Chancellor of the Exchequer was agreed to .
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THE CONTINENT . According to a Berlin letter in the German Journal of I' ^ &n . ifoH , " the preparations for the conference which is to terminate the Neufehtltel question are proceeding very slowly , and replies have not yet been received from all the Powers to the note in which Prussia declared that by the liberation of the prisoners she was enabled to enter into negotiations for the definitive regulation of the question . T 3 ie Prussian Government has profited by the last few weeks to collect various documents which support her claims . " The Paris Moniteur of yesterday announces that Count < le Morny remains at St . Petersburg as Ambassador Extraordinaiy . M . Schneider , Vice-President , will act as President during the session .
" It is certain , " saya the Globe Paris correspondent , "that the Grand Duke Constantino Avill arrive in Prance at the commencement of April . " The Emperor of Russia is going to . Warsaw . The French Emperor will open the Corps Legislatif in person on Monday . The bill in th « Sardinian Chamhers on the reorganization of the superior administration of public instruction , has been adopted by a majority of 75 to 55 . The creation of a free port at Naples , and the complete revision of the customs laws , have been decided in council by King Ferdinand . The Madrid Gazette announces the discovery of a depot of arms and ammunition in the Theatre dea Varie ' te ' s . The director of the theatre has been arreatcd .
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PERSIA . "We are informed by a despatch from Constantinople that " the English , under Chamborlayno , have entered Cabul , marching with an Affglian army , under Dost Mahommcd , on Herat . A reinforcement of seven hundred men from Bombay has arrived at Ikishire . " Probably this is a revival of the old report , which lias taken some tame ( and larger dimensions ) to travel through Persia , liy the latest accounts , Brigadier Chamberlayne , after intimidating a refractory tribe , bad returned into the British territories , in nuy case , intelligence of movements in Afl ' yhunLstnn will be ra .-uivod more quickly , and therefore of mores recent date , via Bomhay and Hgynt than vul Constantinople .
' I have reason to beliovo , " suy . s the . Paris correspondent of tlio Afonunr / Post of this day , " that Rus . sia will not continue in advising rer . sia to msist . tho doxnanda of England . It is quite possible that despatches " will shortly reach the Persian Envoy in ' Paris <> i' a conciliatory character . Franco desires ponce , and Uuswia wishes to be on good terms with this country , for rea-H 0 " easily imagined . " A Vienna oorrosjiondi .-iil of the Wt . acr Gazette , nays ' : — It in asserted in diplomatic arclcB hero that England has accepted the mediation oi l ' -ranco iu tlio Persian dispute . "
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AMERICA . The City of Washington has arrived from New York with advices to the 1 st insfc ., and no specie Congress , with but little debate and without a sylla " ble being uttered with reference to the slavery question , passed bills providing for the admission of Oregon and Minnesota into the Confederation as Sovereign States . General Garcia , formerly Governor and Coinmamler-, iu-Chief of Tainaulipas , in revenge for being deprived of the command of Tampico by the revolution of the 30 th of October , has seized the goods belonging to various mercantile houses in transit to the interior . Nicaragua and Costa Rica have agreed upon a new bouudarv line .
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Jfo notice caiv be taken of anonymous coiTcspondonco-Whatever is intended for insertion must be authenticated by the name and address of the writer ; not necessarily for publication , "but as a guarantee of his good faith . We do not undertake to return rejected communications .
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THE FINANCIAL STATEMENT . The Arr ay and ISTavy Estimates had prepared the public , to some extent , for the IFinaucial Statement of Sir Cok-newall Lewis . It was felt that , with these avowed redactions of expenditure , the Government could not possibly propose to retain the War Income-tax . The UiiANCBiiiiOu of the Exchequer , accor < lingVy , is prepared to relieve incomes of 10 OI . a year of elevenpence , and incomes above 1502 . of sovenpence—out of sixteenponce—in the pound . Those , certainly , are concessions ,
for 1857 . Next week there will probably be debates more alarming to the G-overnmenfc ; nor do we anticipato that tlie agitation out of doors will be altogether lulled ]) y the imperfect concessions of the Treasury . Thepublic aslced for the total and unconditional abolition of the war niuepenee ; why , then , is only sevenpence to be repealed on the higher class of incomes ? It is not the difference between 100 ? . and 150 ? . that we desire to be recognized , bub the difference i between one 100 ? . and another 1 O 0 Z . —the " former precarious , and worth three years ' purchase , the latter fixed , and worth thirty years' purchase . Sow is the opportunity for the House of Commons to govern the : Government on questions of finance .
but it may be doubted whether they will 1 ) 0 regarded as satisfactory by the Opposition or by the country . The Income-tax is still a heavy impost—heavier than before the war . So far from reverting to Mr . Gladstone ' s settlement , Mr . Cohnewa .: l i * Lewis desires to levy nearly double tho amount on all incomes of more than 150 Z . a year—liinopciico instead of liveponce . "Wo see on this point the opportunity of a formidable party attack , by which , should Mr . Gladstone continue to coalesce with the Tories , and obtain tho concurreucc of Jjord . "John . Russeli ,, tho
Government may be taken by storm . Moreover , it by no means appears that tho estimates hnvo boon adequately roduced . They have not been calculated on : i war scale , it in true , but neither havo they boon calculated on a poaco scale . The ( Jha / noi : i . i . or ok tin : \<) x . cuvaivkii , we suppose , aviII reply that they have been calculated with a view to improved olUc . iouoy ; but improved efficiency doea not moan increased ox ])< fluli (; urc \ Tho Government at ) lew lor three millions more , at ; least ; , under the hcjul of A vmy and JNavy Estimates ., than were required by tho Budget of 1853 . The discussion in tho IIoubo of Commons
In . yt night was desultory and indecisive , ionning no test whatever of the reception likely iu bo given to Lord l / Ai-MJonHTon ' tf Budget
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MOIIAL OP THE SECRET THEATY . Ma . Disraeli has learned , at sonic expense to -himself , that , although a newspaper may 3 e benefited by ' startling disclosures , ' whieli no one cares to contradict , it is not permitted to a statesman to engage in that sort of traffic . AVheu a young-Tory 'journal , naturally eager to attract notice , ventures to deal in ' exclusive' intclligen . ee during the ParUamentry recess , ily-ca-tcliers arc amused , and ' a fractional public , perhaps , is deceived . "But the Tory leader in the House of . Commons , occupies a different position . He '
cannot , without loss of , character , commit luinself to exaggerations and absurdities . Mr . Disraeli , therefore , has already sacrificed all the advantage lie gained in the first debate of the session , by his heavy attitudinising on the subject of the Secret Treat ? . "Wo ventured , last week , to suggest tho real meaning of the Convention alluded to ; and it would have been fortunate for Mr . Disraeli had he adopted a similar interpretation , or , at least , refrained from making a statement which only - rendered his original blunder more distinct and inexcusable . "We
said that he had caught a glimpse of certain negotiations between Prance arid Austria , sanctioned by England , which resulted , not in a formal treaty , but in a diplomatic understanding , and we added that Mr . Dishael . 1 , by a skilful cross-examination of the Minister , might have elicited this fact , without exposing himself to contradiction and ridicule . It appears that tho circumstances were of the nature " \ ve described .
There was no treaty ; but there was a Military Convention ; yet Mr . Disuaklt , leaving no way open for retreat , advanced beyond his original position , aiUrmcd the existenco of a treaty , indicated tho date of its signature , misrepresented its objects , and gave Lord L ' ai ^ ikrston an opportunity to retort upon him , more triumphantly than before , that ho had boon imposed upon by tho gossips of Paris . The 'Tory spokesman denied that he had derived his information
from Paris , whero ho procured his speech at tho death of tho Duke of Wklltnuton ; but , from , whatever quarter it came , Naples or Vienna , it was literally incorrect , bo that Lord Pa r ^ v Huston ' s " connivance" turns out to bo JMr . DisitAKJVi ' s " credulity . " 'With , reference to the Convention itself , it would have been a perfectly fair cfmcomitant of a Treaty between Great 'Britain , Franco , and Austria , against Russia . Budi a treaty
would necessarily havo boon oil ' ensivo and defensive . ' Politically ami diplomatically considered , it would havo boon impossible to invite- tho co-operation <>\ ' Austria in . a war which would have brought her id ; onco face to I ' aco with , the enemy , ami to have refiiHed to protect ; 1 km- rear agninnt insurrection , perhaps incited by Russian intrigue . Tlio commonest instinct of sell ' -preservation would have induced the A . ustrians to propose such a ro-
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Febrtt ^ iit 14 s 1857 . ] TIB DEADER . 1 S 5
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' ¦ SATURDAY , ' FEBRUARY 14 , 1357 ..-
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There is nothing so revolutionary , because tbureis nothing so unnatural ancl convulsive , as the strain to keep tMngs fixed when all the world is by thovery lay of its creation in eternal progress . —Du . Arnold .
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Crystal . Palace . —Ketuni of admissions for sis : days ending Priday , February 13 th , 1 S 57 , including- season ticket holders , 8037 . "
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NOTICES TO CORRESPONDEXTS . Tho " Author of Adaptability , " who does not send his name , docs not appoar to us to contribute any now liuflvb to the discussion of tho important question to which liLd letter refers . Thomas Peacock . —Wo beg to refer our correspondent to the notice which lias appeared several weeks consecutively in our columns . The residuary letters in type on tlio Lunar controversy are now exhausted , and wo must be permitted to consider tho discussion elosed in this journal .
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Leader (1850-1860), Feb. 14, 1857, page 155, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2180/page/11/
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