The Sun.
London, England, 1860-05-22 00:00:00

4 •
•
Adtki pe.„ ~\
rz. 31*.
•r!
r ,
•
A
4,1„„
c.?
. „ ,
k.
. --,
=
;
:?
,fr • " ttiprit-t
; I •..4
r „
:11
•
r' , • ~,k,e` • \
qe'
•
lit..
Afos, •
,t\ SIT.

THE SUN, LONDON, 11JESDAY EVENING, MAY 22, 1860.

INDIA.

hurrying to meat them, to knew "if they had
protique.' •He seemed reluctant to do what they
required of him until he had seen their. bill of
health ; but there was that conDunded'semaphore
swinging its arm; about as if in a perfect rage, so
the good gentleman was placed in front, and ordered.
to walk straight to_the :semaphore. In about ten
minutes it ceased from its labouis. Another party
sought out an individnal who was acting as a commis-
sioner for the Gaverrinient, and atas obtaining a list
of the names of. parsons. who had taken part in a
very Mild denaonstratiOn a faw vccks before. . He
was 'found; and his papers distributed in much
smaller pieces than he had intened.; another party
Opened the prison gates, and we have heard were
not particularly-discriminating ts .to whether all
the prisoners were political or.not.
In the meantime the smaller steamer ,had been
cleared of men, stores, -ens, and ammunition, the
latter being laid along the mole '.o be removed as
soon as both steamers were cleared. There air-
peared some delay in getting boas to disembark
the people from the steamer agroand, but at length
they arrived in any number, and of all sizes, and
the men descended in a most orderly man-
ner, as boat after boat came alongside the
ladder. By this time- the affair-was getting very
exciting; the Neapolitans had evidently caught sight
of them, and were returning as herd as they could
come, and " cleared for action too," The frigate,
too, was comina-down with every -sail set, right
before a beautiFul breeze. It was eartainly a splen•
did sight to seethe cool and steady way in which
the insurgents got into the boatato be paddled to
the shore. But now the steamers are drawing
well within range, and still there are hundreds to
land ; the foremost *airier steps—how we watched
that bow gun of hen! W'}yiloesn't she fire? Had
she done so she might have slaughtered them like
sheep. But no, she backs and fills, no ahead;
now astern, signalling all the time to the:frigate,
which is by this time getting disagreealily close.
Bravo, time/ has not been wasted, they -are all
landed, and as they reach the thole they. &rat:armed
in fours, and marched off, as 'if'frorn parade.
Ah! there goes a shot from the steamer—short,
by George! There goes another; the men on the
mole dip, and it passes over them ; again they
march. But here's the frigate—she has shortened
sail and is passing' gently along in a line with the
mole ; now she's right abreast of them. Bang, bang,
bang, gun after gun a whole broadside of grape and
canister. There is not a man to be seen ; they are
all down, the storm passes over, and up they are
again marching as orderly as before. Frigate
and steamers now keep at a respectful distance,
throwing occasional shot and shell at the work-
ing parties as they clear the mole of the
landed stores. Horses and carts have been
pressed into the service, and as they carry the
things along the mole and up the road to the town-
gate they are often smothered in dust from a
ricochet shot, but I believe throughout the whole
affair only one man • was wounded. The whole
was one of intense excitement ; it was one of those
dashing, brilliant affairs that only such a man as
Garibaldi could have accomplished. A landing
effected with twelve hundred men, each armed with
a rifle, a revolver, and a cutlass; large quantities of
spare arms and ammunition, and four field-pieces;
this was done in just one hour and three-quarters
in the very teeth of a frigate and stwo steamers,
without hurry or disorder, and without returning
a shot. In the dusk of the evening the frigate's'
boats towed the steamer outside the mole, and after
dark the steamer towed her away; the insurgents
had evidently damaged the machinery before leav-
ing her. •The other was still hopelessly aground,
and there she lies still, perfectly " gutted" by this
time. The Neapolitans were about to fire upon
her the following morning, but as they could hardly
have done that without doing immense damage to
the English factory directly opposite which the
steamer lay, they abandoned their intention. Had
they done so it would have been quite useless, for
the insurgents evidently did not wish to use her
again, Garibaldi and his men, considerably rein
forced, having marched away at five in the morn
ing towards Salemi, en route for Palermo.

great turf authorities, Mainstone was also under
the disadvantage of havine, his regular jockeytaken
off at the last moment, and one substituted who,
though equal in merit, had never ridden the horse.
before, and therefore did not dare to take liberties
with him, but had only to obey his orders of never
lotting anything pass him, and therefore with a
great idle horse he appeared to win with
little to spare; but he would have made a
run with a donkey; and it was the opinion of the
talented jockey who rode him that he had never
won a.race easier in his life. Should this horse
win the Darby it would be popular with almost
everybody, for there is no public man who shares
more largely the feelings, amusements, and affec-
tions of every class of Englishmen than this uni-
versally popular gentleman ; and should he have
to come on to the course from the Jockey Club
Stand to see his horse unsaddled, his reception will
•
bea perfect ^ ation.

We have received papers from Bombay to April
27. The general news is very meagre. The pre-
vailing topic of discussion is Mr. Wilson's budget
and Sir Charles Trevolyan's minute. In the Le-
gislative Council on the 14th, Mr. Wilson, in
moving the second reading of the Income_tax Bill,
entered into fuller explanation of the general prin-
ciples of the measure. With reference to the minute
of the Governor of Madras, be said that the mem-
bers of the Government had felt deep and painful
astonishment at seeing documents conceived and
expressed in such a tone emanating from a subor-
dinate Government. It was an opposition without
parallel in Indian history. However the Govern-
ment had no doubt what course to pursite. They
were precluded on public grounds from entering
into controversy on the subject, but they had
taken such steps as were due to the public interests
and their own position to obviate the mischief
which might be caused by this act of" wanton in
'

•
This horse, since Stockbridge, has never had a
days' illness till last Monday, when after a mile
and a half gallop with Kinnersley, giving him 3st ,
his off fore fetlock showed signs of filling—having
had his last sweat on the Saturday,
they were in no hurry with him,
and he walked the next three days, and on the
Friday resumed his work, and passed his exami-
nation before Professor Spooner on the Saturday,
instead of Professor Piomised Laud as was pre-
viously intended. A finer looking horse will not
be stripped fer the Derby, and if lirhas half as
Much pluck is hls owner he will be very near. win-
ning. Buccliker was always considered the best
two-year-old lotmr y, and he made a sal example
of his opponents in the July, but when we come to
consider that Nicholas and Blue Ruin were the two
behind him, we are not so much lost in astonish-
ment. His owner ordered him to .be ridden
out, and the consequence was he became a
great favourite for the 2,000 arkd the Derby.
Whether such a policy has answered, the warning
as regards two stable-boys, in the Racing Calendar,
will speak to; but the horse appears- to have been
attacked with something resembling the itch, and,
therefore, without punning, had to be scratched
for the. 2,000. Since then be has joined the for-
midable lot of Isaac Wooleott, and has not only
been with Seclusion, but in it also, as nobody has
been allowed to see him. I doubt, after. his illness,
his being got sufficiently fit to successfully compete
for so great a stake as the Derby.
Nutbourne, on paper, is the best performer
out, but labours under the disadvantage of
being a large, difficult horse to train, and
also is only in a small private establishment.
His late jockey, I fear, will hardly ride him, but he
has always appeared to be surrounded with so
Much talent that there will be no difficulty. about
that, but I shall not take him as my winner.- High
Treason has been backed by clever people, and his
owner is very sanguine ; at all events, he has a
right to expect to he where Umpire is, but, as I said
of tha latter, I do not' think the form good enough,
and shall not stand on him.
Horror hear a good account of, and he has been
backed for a good deal of money. His first appear-
ance in public was not in his favour, but his stable
are clever people, and-he may, for all I know to the
contrary, be the best horse in England.
Cape Flyaway has won every time he has started
this year, and if not in The Wizard's stable would
be a great favourite. I expect to see him run well.
Restes, from last year running Cheesecake to -a
head at 121bs. says a good deal for him, should an
outsider win ne would be my selection.
Brother to Rainbow keeps all the Dee Stakes
horses and a host of others safe, though we have
seen a horse defeated for the Dee won the Derby,
but there were peculiar circumstances that year
that may not happen again. Having thus gone
through the . merits of most of the horses
that are likely to start, I shall select
three to stand upon, viz., The Wizard, and
the two old opponents at Northampton, Thormanby
and Mainstone; and of these I think 'the early
form will be found the best, and those two will be
close together again, but that this time Mainstone
will be found to have improved the most, and also
to have a trifle the best of the speed; and Mr.
Clark's return of the Derby, 1860, will be--
MAINSTONE
THORMANBY
WIZARD

The following is from the summary of the Bo
bay Gazette :
_

" Sir James Outram left Calcutta on Monday
last with the intention of going no further than
Galle to recruit his health, worn out by the labour
of transacting for some months the whole labour of
the Government of India. Sir Bartle Frere acts as
president of the council till Sir James returns. Mr.
Chisholm Anstey has also left Calcutta for Bombay,
to try his fortune as a barrister here.

"Sir Cursetjee Samsetjee, the Parsee Baronet,
goes home by this mail with a large retinue. His
proposed visit to England has created no small
sensation among the natives, and, great are the
expectations of the reception the baronet will meet
with in England. Mr. C. J. Forjett, deputy-corn-
.rnissioner of police, also goes to England to-day.
His name is widely known at home as that of the
man whose zeal and courage prevented an outbreak
in Bombay during the times of the mutiny. An
address, numerously signed, and which will be ac-
companied by a testimonial, has been presented to
Mr. Forjett on his departure by the European in-
habitants of Bombay.'

MONEY MARKET-AND ExcliANGE.—The money
market is easy, and the Bank of Bombay has re-
duced its rates of discount one per cent. all round,
which now stand at 5 per cent. on Government
paper, and 7 per cent. on private bills. Government
securities are a shade lower, in consequence of
lower quotations from London. The rates of ex-
change upon London have ruled for this mail at 2s.
Id. to 2s. IV. for six months' sight bank bills, and
at 2s. lid. to 2s. ltd. for first class credit bills and
document bills. Our closing rates are for bank
bills 2s. ld., for credit bills 2s. 1 d,, and for docu-
ment bilk 2s. 1 3-161

THE DBRBY, 1860.

1
2

TO THE EDITOR OF TUE SUN.

Sin.,--As your columns are always open to the
discussion of anything that is of public interest,. I
venture to address you a few lines on the merits of
the candidates for the blue ribbon of the turf, to be
decided"on Wednesday next, and shall take the
names in the order they appear in the lists of the
betting, commencing with The Wizard, whose vic-
tory for the Two Thousand, caused so much asto-
nishment to the aristocratic audience of the private
performance at Whitewall, and sent him to the
need of the list of favourites for the Derby. The
mistake in the trial has never yet. been accounted,
for; but, on looking at The W;zard's Iwo-year-old
performance, I find the first time. he came out he
won- in a canter, beating Trovatore and Emily (no
very grand opponent), and the second time with 5
toil on him, was beaten by Vanquisher, an animal
that was soon afterwards proved to be very mode-
rate. I may be told that the Wizard was amiss,
but they do not usually lay 5 to 1 on a horse that
is amiss ; therefore, my opinion is that the Wizard
is a horse that can run when he likes, but that is
not always. The field behind him in the Two
Thousand, from the position of the King of Dia-
monds, was very moderate, and from there being
nothing beat till half way down the Bushes Hill,
it must have been but au indifferent pace. Still
the Wizard won like a racehorse, and though he
will meet very different tackle in the Derby, he
must, with John Scott's skill, if in the humour, be
extremely dangerous. Umpire's position in the
betting is most extraordinary, unless there is some-
thing that people, who only study Ruff's "Guide,"
are not aware of; at Goodwood he won the Nur-
sery, receiving 171bs. outright from Cheescake, who
could have been second if persevered with when
her chance was out, and we then find Restes
running this same mare to a head, giving 121b5., so
that he could have won the Nursery at Goodwood,
carrying 271bs. more than Umpire did, and yet his
price for the Derby is 40 1, Umpire at Stockton,
with 6 to 4 against him only, and receiving 21bs.,
beats High Treason by a head, the said High Trea-
son having run twice at York the week before ; the
tvehdimslublso.refrooamsilyth;e
usuadmle
shhoorusled,
on
ne
dx next day he
course received
think there must be some truth in the report
that Mr. Jacques only started his horse for the
fourth time in nine days at a further disadvantage
of weight, because he thought that there was some
informality in Umpire's entry. Nor do I like a
horse on the spot not running for a great engage-
ment like the 2,000 guinea stakes worth nearly
£4,000, especially when the field, 'from peculiar
circumstances, was supposed to have dwindled
down to horses of very moderate pretensions. I do
not think this form good enough, and shall, there-
fore,_ unhesitatingly pronounce Umpire " out."
" Thormanby'' has done work enough as a two-
year-old for the life of most horses, and curious to
state, at the end of the season showed more form
than he did at the beginning, though that was good
enough for anything, this horse has never been beat
over a distance of ground, and the way he beat
Thunderbolt for the Criterion, giving him Bibs. shows
that his running with Melbourne was a mistake, for
Thunderbolt was unquestionably in form later than
at Goodwood, having won three races in succession
just before, and afterwards beating Rattlebone, at
slbs., over a mile ; a performance not to be despised
when we saw how the grey performed over a dis-
tance of ground at Salisbury. I '-consider Thor-
manby one of the most dangerous horses in the
ns
dis s hardvery and shows no
work last year, it will
against him, and I shall
take him as one to furnish the winner. Main-
stone's first performance was with Thormanby,
when, receiving 3lbs., he was beaten by a head,
bsr iaege nea
'sbaoonlf ddi mla seafflne bewtesha or° fhs
theai
he at the same time being very unfit to run,
and would now hardly be recognised as the great
rough-coated unfurnished horse he looked at
Northampton. His next performance was
at Salisbury, where over half a mile he defeated
the speedy Lady Falconer, who the day before had
equally easily disposed of a field of seven, amongst
which was Fravola. He then ran at Stockbridge,
when his stable (not being bad judges) bid .9 to 4
on him from what they knew at home. His per-
formance did not please all the eagnicenti for two
reasons ; first, they thought he won in a slovenly
manner; and, secondly, Leprauchaun was second.
But this latter horse never looked or went better
than he did that day,' and gained many. friends
after cantering up the course; and from the way
he was backed at Ascot, John Scott must have
tried him to have been a good horse at some time ;
and I believe it was from his exertions in this race
that he never ran respectably since. I am the more
strengthened in this opinion, as the field behind
was far from despicable. Apollo we saw win in a
canter twice at Salisbury. St. Albans was there,
and Twang, who was last, was good enough to go
to Newmarket the next week and give the great
Umpire 3lbs and a beating, though this, I suppose,
was only an interesting problem for some of our

3
1.% lIALEBONE

27. IP,' NA Vl.

The advices from Malta report the return to that
port on the 15th of May of the Hannibal, bearing
the flag of Rear-Admiral Rodney Mundy, accom-
panied by the Agamemnon, Cressy, and Neptune,
screw steamships of the lime, which, with the Marl-
borough, bearing the flag of Vice-Admiral Fan-
shawe, dommander.in Chie, Renown, London, and.
St. Jean d'Acre screw steamships of the Line, re-
mained at anchor in the harbour of La Valetta on
the 16th, together with the Hibetnia receiving-
ship, bearing the-flag of Rear-Admiral Codrington,
the Admiral Superintendent of Malta Dockyard,
and the Assurance and Intrepid gunboats. The ,
following movements are also reported :---The
Scylla, steam corvette, left for Messina on the Bth,
and the Boxer on the same day for Tripoli ; the
Assurance gunboat, which left for Girgenti and
Marsala on the 12th, returned on the 14th. The
Caradoc despatch steamer left for Naples on the
15th. The Russian line-of-battle ship Gangano,
bearing the flag of Rear-Admiral Nordmann, left
for Nice on the 10th. The Royalist barque arrived
from London on the 14th ; and the Curlew brig and
the Banshee brigantine, from the same port on the
15th, with naval and military stores. In a post-
script, dated the 17th, the departure of the Assur-
ance and Intrepid for Sicily on the day preceding
is announced ; also that of the Neptune for Naples.
The Cressy, St. Jean d'Acre, London, and Renown
were also about putting to sea.
The anniversary of the Queen's birthday was
signalised at Queenstown by a series of novel naval
displays, including the storming and capture of a
miniature battery. The entire display went off
with admirable precision, and furnished a most
agreeable and novel spectacle.
The following appointments were made yester-
day at the Admiralty :—George Wright, master,
additional, to the Castor; Thomas Nelson and Chas.
M'Shane, surgeons, to the Castor; James Long,
confirmed to rank of surgeon; Edward Ingledew,
second-class assistant-engineer to the *Wellington,
for charge of the machinery of the Procris ; W. H.
Philpot, promoted as acting second-class assistant-
engineer to the Racer ; J. Hancock, acting third-
class assistant-engineer to the Asia, for service in
the Sprightly ; J. Keep and R. Anderson, acting
third-class assistant-engineer, to the Himalaya, as
supernumeraries.

t

/ice

----'7 ---,
.C•7?`":2.\4-*;.N
•g,-3,-r-=-7-f t&,..f:rie*
...•,.
......... •
roariiiiistSholiriipB7:neatelnldidadtshn.eo. petitions of the -11134 j-''eet;H-al';;l'"' IF);
tey"/segie'ks -.-k, - Vo-,
~.43,---------
t TliiteaNierishvenryewsgpa ‘:C4re-pililelee"j7--C'
)s,
_
--
farthings tax, turd` the English nee 1 s ."-----isei "fa '''
lesse
• ep duty; and the Irish newspaper propri s 111)0heen"•
told that if they were relieved from the necessity of buying
dear paper, it would be only fair to put theta on an equality
!.. with the English newspaper proprietors. (Laughter.) With
respect to the effect which the abolition of an excise tax has
on the manufacture of .an article, we all know vsleet hap-
- pened on the abolition of the eicise duty on
glass, how that
material was cheapened, and how it increased in quantity
' and improved inquality. I know that with regard to the
material from which paper may be made, some persona de-
clare that fibre is not applicable to the manufacture of the
finer and better sorts of paper. Still it is applicable,to the
Manufacture of a Paper most, useful. to the poorer classes of
parsons. I remember four'or five years ago a very interest-,
ing discussion being brought on in this house respecting
the manufacture of beautiful paper from West India, fibre ;
and a complaint was made that a charter of limi!-ed liability
had not been granted to a ceMpany fur the manufacture of-
that paper. Now it appears to me a clumsy proceeding to
put a tax on one side, and then to prop it up by some special
erivilege on the other. There are several very iogeneas in-
ventions waiting to come jr to operation as soon as the ex-,
vise duty should be abolished. Pulp may be used for IPrm-:
ing models from works of art, some of the finer kinds of
which are liable to be hurt by contact with clay or plaster.
of Paris. This pulp is applicable to any work of art with-
out injury; but it is obliged to be dry before it leaves the
pspermaker, and therefore, until the duty should be re-;
pealed, it would be absolutely impossible to use it for the purpose I have indicated. A mill in Lincolnshire, owned,
by a person named Sharpe, has been built to turn twitch, that most destructive weed to the farmer, into paper; but
.
the tax interferes so much with the process that the owner.
has been compelled to shut up the mill. If the duty were,
repealed the mill would be reopened, lam told. (Hoar.).
The duty operates also in a' peculiar way in creating a
monopoly, (Meg to,the manner in which the payment of
the duty is made to press on the millewners, in conse-
quence of purchases made from them shortly. before the
Moment when the dues, must be paid. . When I see that
in America all the processes of papermaking are infinitely,
superior to ours, that the paper is made much cheaper, and,
that the consumption is Something like treble of of per;
head, then, considering the wealth and enterprise of thee
country, I think there must be some reason for this. When
1 advert to Fiauce, and note the enormous quantities of
paper exported from that country, and when I remark that
the French paper is superior for printing purposes, the same,
reflection forces itself on my miad ; es also when Ix° in
Vagination to Japan, or read this interesting book written.
-by Captain Osborn iu reference to that country. (The noble
e art here real an' extract from that work, describing th'
varibty of purposes to whiCh.paper was applied iu Japan,
among the articles made froni it being saddles and water-
proof coats that perfei:tly kept out the rain. Of so tnuch,
importance was paper considered in Japan. that in the mar- ,
riage settlements, in order to protect the wife from a tyran-
nical husband, it was stipulated that the wife should be al-
lowed a certain quantity of paper.) (Laughter.) I think
the fact of a great enterprising nation like ours being in re •
spcct to the manufacture of paper behind the Americans,
the French, and the Japanese may, without any great
stretch of imagination, be attributed to the effect which we
knovi the Excise laws produce in other matters. With re-
Speet to the repeal of the,paper duty, some people have the
most extraordinary notions, thinking that that repeal is •
merely advocated to give a greater circulation to a particu-e
lar newspaper, expressing extreme views, not certainly in
arc mdance with those held by the
_Majority of your lord-
ships. What is the ease ? In Loudon there are three penny ;
daily papers,—the Morning Star, a journal of advanced Li-
teral opinions; the _Daily Telegraph, also a Liberal paper,
hut not on all quest itris at one wit& I ho:if,r)ring Star; and,
the Standard, a journal of purely Conservative principles. ,
I had the pleasure some three days ago of reading an iuto-
rsstinss, and well written article in the Standard, attacking.
the Liberal play in general, but myself in particular. (A
1 nigh.) Well, I have here a letter written in 1856 by the •
manager of the Standard, stating that every day he paid £29
to the Excise, and that if the paper duty were repealed ho
should have £2O for the better remuneration of literary
talent and the purchase of better material to print upon,
leaving, of course, a larger profit for the proprietors of
his journal. He also points out the heavy charge
places upon newspapers like the Standard in the obli-
gation to have their sheets of certain sizes dried before
they left the paper-mill, and damped agt,in in the print-
ing-office, all causing great waste and delay. •He adds that
if the paper duty were abolished he has not the slightest
doubt that the circulation of the Standardwould be doubled
in amount. That, surely, is a consummation which noble
lords opposite must earnestly desire to bring about, because
it means that with greater literary talent Conservative
principles would spread among double the number of readers.
So with respect to books. The paper thity presses very
lightly indeed upon popular novels in three volumes, ex.-
'pensively got-up annuals, and works of that sort, and valu-
able works—such as Macaulay's of Mahon's " History of
England." But, when we come to books intended for circu-
lation among the poorer classes of the community, then, in-
stead of 5 or 10 per cent., we have the duty rising to 30,
40, 50, and even 60 pet cent. upon publications which the
working-classes attire and ought to obtain. Mr. Black ,
says that•npon one' wc,rlc alone he paid duty to the amount
of £4,000, and he calculates that the tax cost the purchasers
of the book at least £B;ooo—astatement which is, of course;
equally applicable to smaller books. Your lordships know
;that Mr. Knight has been occupied all hislife in endeaVour-
ing to spread useful and instructive books at cheap rates
among the people. He was the publisher of the " Penny
Cycloptedia," a work brought out under the patronage of a
noble and learned lord'wko is at this moment engaged in
the cause of education—a cause which he has served during
a long and laborious life—and whose absence I regret to-
night, because I knew he entertains a strong opinion as to
the necessity of the immediate abolition of the paper duty.
What does Mr. Knight say ? Ile states that in 2 r years he
spent £BO,OOO on authorship, and £50,000 on Excise. The
Messrs. Chambers say they have been constantly prevented
issuing cheap ' publications of an improving character in
consequence of the paper duty. They once published a
series of instructive tracts sold at three halfpence per copy.
The sale was enormous, but after a certain time they found,
on making up their books, that they had paid £5,000 to the
Excise without getting a single farthing in the gray of pro-
fit to themselves, and therefore in the middle of an immense
circulation, they stopped the publication. I could go on
thus far ever. Here is'a bulky pamphlet full of details iu
which Mr. Knight proves to demonstration that, while the
t:tx on paper falls with crushing effect upon cheap publica-
tions of an instructive character, it does nothing whatever
to stop licentious and obscene books, which are got up fora
mere trifle. But let me come to a class of books which
greatly interest me—national school books. The duty upon
them is quite enormous, and while these school books, on
one side, are paying a heavy tax. I, in my office, on the other,
am administering Government grants to counteract that
effect. (Hear, hear.) It is impossible to conceive a more
ridiculous system. lam afraid lam wearying your lord-
ships, but you can hardly imagine the immense mass of ma-
terials I have before me all tending to the same point—the
condemnation of this most vexatious and unjust tax. But
I shell spare your lordships, and shall assume that the main
objection to the repeal of the paper duty is one of a finan-
cial character. Some of your lordships may think that we
ought to have reduced the tea and sugar duties instead of
repealing the duty on paper. (Hear, hear.) That is a ques-
tion upon which two opinions may fairly be held. All I
cay say is, that after mature consideration the Government .
cam, to the conclusion that the repeal of the paper duty
would afford the greatest amount of relief to the trade and
industry of the country. I must add that they were pecu-
liarly urged to that conclusion by the report of the Excise
Commissioners stating that the tax was untenable in its
present shape, and that it could not be improved. Again,
some of your lordships may be of opinion that we aught to
have taken a less income 'tax and to have retained the paper
duty. That euestion was started in the House of Commons,
it was discussed there at considerable length, and decided. ,
in the negative; therefore I need not trouble your lordships
with any remarks upon it. lam not aware that there can,
be any other financial objection to our proposal except this, ,
that the Government have been improvident in providixg
for the financial necessities of the year, which must mean,
either that we were improvident at the time our budget was
cparerrdeudced, havoers
ttahma tp
et
dh et
hcircumstancesu
pwol 1 ich n
our
rh avesinc e o c
propositions.-
to set to-night, I am not sure that it
yNoouw; lordships, lamno t
although,goi
ng to make a long
after t
he examplefinan,se.iiyi
la
you
usnt
oaattree
bmegecnooitnintgeo
sthiteioncuss. tomlntothatrtoucbalseela b ourwashti
expo-eetccoohflundmaandujcsiutasltbe Chancellorr e
of the Exchequer will be appointed
the'
for the purpose of
yr
withtrustthatelaborate financial expo-
sitions. In that case I trust th
that
yo ur informationlordships
balancecisutipispisupplying
n gbteow youenableeen with
i n come and expenditure. Meanwhile,
as that course has not yet been adopted, I feel myself en-
tirely relieved from the obligation of inflicting upon your'
lordships the intolerable tedium of a budget speech from
my mouth, and shall content myself with merely stating
the general principles upon which Government have acted
in dealing with the finances for the year—a year, be it re-
membered, so difficult that I believe it was looked forward
to by the late Government under the awful designation o
" the year of immortal smash." (A. laugh.) Well, my lords,
this year of immortal smash presents, at all events, one re-
markable peculiarity. Our expenditure is greater than ever
it was before in a time of peace. To provide for that vast
outlay the Government were not content to frame a plan
which should only just make the two ends meet, but they
proposed, while raising an adequate revenue, to continaa
those commercial reforms and improvements which not only
have conferred enormous benefits upon the nation at large,
but which have produced a peculiar and extraordinary
strength and elasticity in our revenue, especially in our in-
direct taxation. The only possible objection to our finan-
cial policy in this respect must be connected with the ques-
tion which has already been put to me this afternoon—the
probable expense of the Chinese war. Now, when we made
our budget arrangements we did not know whether we should
have war with China or not. (A loud cry of " Hear, hear"
from Earl Grey.) The noble lord gives me a most insulting
cheer upon a matter of fact—that we did not know whether
here was war or peace. We had given orders for the.

PRIC r 15E 4D. STAMPED,

I ANIPER IAL , PAHL lAMEN '1 '

HOUSE OF LORDS--(YEsTERDAY.)
Tho LORD CIIANCELLOR took his seat on the woolsack
tit tivo o'clock.

PRIVATE BUSINESS.
The St John the Baptist Bedford Estate, and the Lon-
don and South Western and Bristol and Exeter Railway
Companies, the Salisbury and Yeovil Railway, and the
Stockport, Disley, and Whaley-bridge Railway bills were
read a second time.
The Oxford, -Worcester, and Wolverhampton ; Newport,
Abergavenny, and Hereford ; and Worcester and Hereford
Railway Amendment Bills were read a third time -and
passed.