The Daily Times.
Liverpool, Merseyside, England, 1860-05-14 00:00:00

to acknowledge on this subject—a Liberal journal
of the highest character, and the greatest influ,
ence in the country, and Whose able correspondent
is doubtless.of the same political vieWs, and in
the same political interest. " One thing," he
says, " I can pronounce upon—and that is the
growing dissatisfaction with the GLADSTONE
Budget ; and the groWing conviction that it has
exposed us, unnecessarily, to the risks of very
great financial confusion arid difficulty next year.
I do-not find this eozwiction confined toany par 7,..
ticular political party. It betrays itself in the
language of advanced LiberalS as well as Whigs..
and Conservatives; I should say it was strongest
among those more closely and immediately con-
versant with finance—the men who follow the
lead of our BARINGS. and our OVERSTONES. .It
was .to_ Lord. OYEAsTO:ISE. himself, I believe; that
we owed that remarkable resume of objections to.
the Budget, which appeared, within a few weeks
of its ptoninlgation, in the Saturday Review, and
Which balTrily pointed out its risk, while most of
us were still dazzled by its daring: The Chinese
war, I am confidently assured, has already—in
the way of preparation only—absorbed more than
the estimate taken on account of it for this year
by the War Office. The state of our gunboat
fleet is likely to involve the Admiralty in a large
additional outlay under the head of 'repairs,' not
calculated upon when the naval estimates were
framed." Now, the great alit most Manifest
evils of the BlidKet, as is
.here very truly Stated,
are prospective evils. They are mildly enough
described as at present only arising from unneces-
. sary exposure "to the risks of very great financial
confusiOn and difficulty nal gddr.'! It is then,
no doubt, that the great mischief that has been
done will tell most' Sensibly and fatally upon the
interests of the country. And we thought it
most likely, we must confess, that it would not,
therefore; be until next year that the serious mis-
take would be fully found mit,and freely acknow-
ledged. Time, however, has thus early begun its
work of enlightenment,—is already,. it seems,
producing a " growing dissatisfaction" with the
Budget, through a " growing 'conviction" of its
fallaciousness, and a consequent fearful dread of
its mischievous tendencies. .

It was from no mere party feeling, therefore,
we niay depend upon it; thdt Lord DERRY spoke
out upon the subject, as he did, in his place
in Parliament the other night, .--., it was in
no spirit of, retaliation that he declared his
determination to spare no exertions to reject the
Bill repealing the duty on paper,—feeling cer-
tain, that so far from embarrassing the Govern-
ment and interfering with any other arrange-
ments, so far from in the slightest degree
prejudicing thecourse of business, or the financial
position of the country, such rejection would tend
Materially to improve the, whole of it. Lord
DERBY: reniindcd Ministers, at the same time,
that " when the Anglo-French treaty Was before
the other House, they on his side of the House
stated, as far as they were able to state, their
objections to the terms proposed in the provisions,
of that treaty ; and now that they had become
batter acquainted with its particular details they
entertained those objections, if possible, still more
strongly, and every day that passed strengthened
his conviction that her Majesty's Government, in
making use of inexperienced agents—in departing
from the ordinary course of international diplo-
macy, and in entering into arrangements of the
description contained in the treaty, with very.
inadequate Means of inforniation, had placed the
country in a %ety Bering dillictilty-had made a
very disadvantageous treaty ; and that at the
present moment, with regard to all the provisions
Of that treaty, they were absolutely and entirely
at the mercy of the French Government, inas-
much as from the accounts they had received
they certainly were not disposed to believe that
the French GoVernment had . used with great,
nioderatian the power placed in their hands."
Such is, we (relieve; only too true d description
' of the position in which her Majesty's Ministers
have placed the 6ciiititty by their financial mea-
sures. It needed but a better acqiiaintaince with
the details of their handywork to strengtheit.the
Convictions, as to, their mischievous character, of
those who sari from the first, what they really
were, as well as ConViiieV CIO those that- such
was . their character who had been eV-titivated
by their specious appearances, 'and deceived by
their false pretences. Time has thus, at leastu
worked wonderfallyi by working so expeditiously.
Let us hope that it may, therefatethave the effect
of' preventing some of ..the evils which Would
assuredly have been prodyced but for so timely a
conviction of the great mistake which, notwith-
standing the majorities the CHANCELLOR of the
EttilEatiEit had 0 support him in the House of
Commons, he has ed evidently/ so self-confidently,
and so eggregiously committed. Moat true is the
• ancient• apothegm, in such a case as this, pta-
ticall± proved to be, that "Truth is established
by investigaiioll and delay, while falsehood
prospers by precipitancy!

AMPHITHEATRE.

MADAME CELESTE.

ttw Ticeprini Cornnanv. under the
direction of Madame Cclcs.-te,- again appeared here before,
a numerous and delighted di:lN:Poke; The " Green
Bushes," with Madame Celeste in her' o'vM original
character of Miami could not fail to fascinate all NiTio"
were fortunate enough to be present. The :play was
followed by "King Thrushbeard," an extravanganza
which may be seen over and over again with increasing
s'atisfaction. The grand transformation scene at the
close maintains, as it deserves, unabated popularity.