The Daily Times.
Liverpool, Merseyside, England, 1860-04-16 00:00:00

THE DAY'S NEWS.

We do not yet know the worst, there is reason
to apprehend, of the insurrections in Naples and
Sicily. The combat at Palermo appears to have

been a much more sanguinary affair than was at
first- reported ; most -of the insurgents haVing
perished at the barricades. The city has since

been in a state of siege. The fight at the convent
was particularly severe : the royal troops that

attacked the insurgents there sustained far greater

Loss than the Government wish to have. it sup.

posed was the case—although they • "eventually

succeeded, having opened a breach, in taking, i 1

by assault. Messina has also-been the arena of
a bloody conflict—originating, of course, in a
similar insurrectionary movement. The firing is
said to have continued, with little if any inter-

mission, for twenty-four hours. At the city o

Naples, too, the insurrectionary spirit has broken
out, though so far, we believe, without, any actual
conflict, or, at any rate, any bloodshed. There
have been riotous assemblages in the streets,
numbering, it is said, as many as eighty thousand
at a time, who raised the usual insurgent cries ;
but they were dispersed by the patrols, supported
by the troops. Meanwhile the friends and par-

tisans of the revolutionary movement in the
neighbouring States are seeking succour for their
cause. The Neapolitan refugees in Turin, for
instance, have met there, and decided that it is
desirable to annex Naples to Sardinia, and
appointed a committee to further the object in
view.

A new scene is apparently opening out in the

Anglo-French drama, Louis Napoleon having
carried his point in Savoy and Nice—and done '
so with flying colours, it is thought in Paris—
covering Lord John Russell, if not Lord Palmer-
ston also, with confusion—is now all smiles and
courtesies again. We in England do net, it is
stated, know all about it yet,—if we did, the
rumour is, we should have. occasion to regard
Lord John's recent most virtuous indignation, as
displayed in his place in Parliament, as only
an artful and well-sustained piece of acting ;
since it is now understood that there is even -
documentary evidence extant which could show
that our Foreign-Secretary could not be alto-
-unaware of wvoyint-,
from the first. However, his Majesty has evi-
dently a motive in not exposing Lord John just
now. He is afraid, no doubt of upsetting the
Palmerston Ministry, finding it just the sort of
Ministry to suit his purpose;. and he is therefore,
we are told, most anxious now that cordiality
between France and England should be restored.
There is reported to be some misunderstanding
between the Discount-houses and the Bank of.
England.' The story is that the former, " irritated
at their exclusion by the Bank rule which prohi-
bits rediscounting, have resolved to draw from
the Bank as many notes as possible,:to lock these
notes up, and thus to create a sense of scarcity
and an inconvenient advance in the Bank terms
• that shall induce all business men to believe that
they are suffering through the, inability of the
Discount-houses to help them, and that this
inability is caused by the exclusion of those
houses from the Bink.” Such a conspiracy as
this, however, is scarcely credible. There may
be some slight, ingredient of truth in the story as
to a disagreement between the parties. But the
Discount-houses,would surely never have recourse
to so suicidal a procedure as that which is reported
of them. Let us hope it will be promptly contra-
dicted, and explained.
It appears that the late insubordination on
board the Edgar at Spithead was of a much more
serious character than the public was made aware
of. The cause, as. we have already noticed, was

the refusal of leave of absence at Easter to some
of the crew. Since the disturbances of Monday
and Tuesday, it seems, the crews of the ships at
Spithead, and in the harbour, have been granted'
forty-eight hours' leave, in accordance with an
Admiralty circular ; but it is not known whether
the disaffected crew of the Edgar received leave
with the rest. If such leave was customary and
proper, it is much to be *regretted that it
.shOuld
have been refused at the holiday time, when it was
expected, and would, no doubt, have been appre-
ciated and enjoyed. Still there must be an
example made of the ringleaders, at least, of the

insubordinates.
The preparations for another Great Interna-
tional Exhibition, to take place in 1862, seem to
be proceeding in good earnest, under the direction
of the Council of the Royal Society of Arts. A
proposal of the terms on which they have agreed
to form a guarantee fund for carrying out the
object in view has just been issued. By this it
appears that no subscriber will incur any liability
until at least £250,000 has been guaranteed ; no
calls will be made if the receipts of the Exhibi-
tion cover the expenses ; and should there be a
surplus, as was the case in 1851, the amount will
be at the disposal of the guarantors for the pro-
motion of arts, manufactures, and commerce. We
understand that more than half the required
amount has already been subscribed. There is
little doubt, therefore, that they will succeed in
carrying it out.
?he Times has come down upon Mr. Gladstone's
Budget with a great blow. War it is urged, is
not to be prevented by us—this must depend upon
the will of this country. Hence, " the praise
whi.th is bestowed upon Mr. Gladstone's Budget
reads upon it in the shape of the bitterest irony,
for i; really amounts to this,—that at a period
whet it is necessary for the safety of the empire
to maze the very greatest sacriaces for the pur-
pose cf preparing the country to meet a danger
whicl may at any moment be upon her, Mr.
Glads:one's Budget, by repealing and discrediting
indirect taxes, which are paid by the whole corn-
-Pity, and substituting for them direct taxation,

14 by pnly a portion of the corn-
of efforts
which is pai,..
muu:ty, has rendered tne ec7t414411"
necessary fel:the public safety absolutely impos-7,!b10
and /educed us to the necessity of disarming at the
very moment when the interests of the nation, when
the interests of peace itself, call upon us to raise a
large revenue, and expend it in ships, in bnrrncks,