Northern Times.
Liverpool, Merseyside, England, 1860-02-17 00:00:00

is no escape : French wines and brandies, and
silks and gloves, and " articles of. Paris," may be
done without,--they are luxuries, and their being
rendered less expensive may only prove to some
a temptation to indulge in them, where it might
not be prudent to do so; but with the Income-
tax there can be no option whatever : it must be
paid, whatever may be the pressure upon those
who are called upon to pay it. French luxuries,
we repeat, may easily be avoided; and often pru-
dently ; but, under_ no circumstances, can the
Income-tax. And when, in addition to all these
reasons for questioning the policy of such a
Budget, there is added, as there ought to be, the
very equivocal procedure of entering into a treaty
which concedes so much, and gets so little in re'
turn, which involves a sacrifice of great national
interests for very uncertain and remote advaa-
tages,—surely there were abundance of reason
why Parliament should be called upon te
pause ere it adopts a measure, the operation
of which, threatens to be most detrimental
to the country. We speak of it as a whole,
There are, doubtless, parts of it that are
very good, and which might be adopted with
great public advantage. But as to what the ev
treme Liberals are calling out for—" the Budget►
the whole Budget, and nothing but the Budget°
—should such a demand unfortunately prevail is
the House of Commons, and Ministers be enabled
thereby to carry their scheme into effect, a wrong
will be done to the great body of the people of
this country, for which a Whig-Liberal Reforul
Bill, be it never so popular, would indeed be
paor and miserable compensation.

THE SHIPPING INTEREST AND. THE

BUDG ET.

We would direct attention to the petition of the
Special Central Committee on Merchant Shipping, in
London, acting in the name, and on behalf, of large
bodies of shipowners, and others interested in British
maritime commerce throughout the kingdom, to tile
House of Commons, against the French treaty of com-
merce, on which the Budget of the Chancellor of the
Exchequer is fpwid.ed. The petition, it will be seen:.
contains a strong remonstrance against that portion
the financial scheme which involves the interests °`

British shipping, and threatens them with an aggrav3"
tien of their present depression. We understand that a
deputation of Liverpool shipowners has also proceedei
to London, to remonstrate with the Chancellor of the
Exchequer on the utter disregard paid to the British
shipowner in the treaty with France.

THE LATEST NEWS

IBY BRITISH AND IRISH MAGNETIC TELEGRAPHI

FRANCE.

The Paris correspondent of the Herald se
that if the intense uneasiness' and apprehensl°°
which prevails in France were made kiln°
through a free press, it would create great Orr
sternation throughout Europe.
The Times correspondent notices something of
the same kind in connection with the intengti
of feeling that prevails on the Roman question'
Masses and prayers for the Pope are offered 111) in
every church throughout France day after &Li'
and violent and insidious pamphlets appear with
scarcely any cessation.
The Journal de Rouen has been informed t"hat
the French Government has entered into reliv
tions with Prussia as a member of the Zollvercith
with a view to negotiating a commercial tre3tsi.
on bases similar to those of the Franco-Englis'

one. Prussia, it is said, made the first advances'

THE FRENCH FUNDS.
PARIS, Feb. 16'
12.20 P.M.—Funds open at a fractional decline'
Rentes, 67f. 55c.
3.20 r.m.—The market has been inactive, eria
closed heavy. Rentes, 67f. 55c., or lower 0
0;
yesterday.