The Sun.
London, England, 1868-07-28 00:00:00

THE INDIAN BUDGET.

The house then went into committee on the East In lin
Revenue Accounts, when

Sir S. NORTHCOTE proceeded to make the financial
statement with respect to India. He said that
the gross revenue from all sources amounted
to £42,012,000; and the expenditure, under all heads,
ordinary and extraordinary, amounted to £44,530,000;
showing a deficit of £2,517,000. He considered that Par-
liament ought to exercise control and criticism over the
expenditure, but that it ought not to take into its hands
the direction of the expenditure, or introduce a system of
voting the money that was to be expended. He believed
that any system of the kind would prove not only delusive
but pernicious.'• There was nothing in the financial con-
dition of India to excite enthusiasm eitller one way or the
other. Although there was nothing unsatisfactory, there
was at the same time nothing of which they could be very
proud.' The Indian revenue undoubtedly kept up, but it
did not increase very largely. On the other hand,
although our expenditure did not increase rapidly, there
was somewhat of a tendency to creep up. At the same time
they were expending a good deal of money in the beneficial
introduction of public works and railways; but on the other
hand there were many works which they were unable
to undertake or carry on so vigorously as they could wish
from want of funds. The right hon. gentleman concluded
by moving a series of resolutions declaratory of the finan-
cial condition and requirements of India.
The statement of the right hon. gentleman was criticised
by Mr. Laing, Mr. Grant Duff, Colonel Sykes, Mr. Bazley,
Mr. Alderman Lusk, and others known in the house as
"old Indians." Ultimately the propositions were agreed
to.

Tho Government of India Act Amendment Bill was
withdrawn, on the understanding that it should be in-
troduced early next year and referred to a select com-

mittee.

The Governor General of India Bill was also with-

drawn.

The Poor Relief Bill was further considered in com-

mittee.

The remaining orders were rapidly run through, and the
house adjourned.

BEHIND THE SCENES.

(From the Anglo-American Times.)

We have now full details of the New York De-
mocratic Convention, which we elsewhere give as
fully as our space will allow. We were right in
our conjecture that the programme had been
arranged by a compromise between the West and
East ; the repudiators, and those who desired to
maintain the national honour. PENDLETON fa-
voured SEYMOUR, whom he described in a letter
written from Cincinnati, June 25, addressed to
IVASHINGTON APLEAN, of the Ohio delegation, " as
the foremost man of the party, whose ability, culti-
vation, and experience put him at the head of
American statesmen." "He commands my entire
confidence," added PENDLETON, "and I would rather
trust him than myself with the delicate duties of
the next four years. You know lam sincere ; see
him when you get to New York and make him feel
this, and that he can rely on me and my friends."
This letter was read on the 9th inst. to the Conven-
tion by Mr. VALLANDIGHAM when SEYMOUR was
nominated. New York more than half preferred
CHASE, as did Massachusetts. It is a singular fact
that SEYMOUR so favoured the Chief Justice that he
was solemnly pledged to his support ; thus PENDLE-
TON favoured SEYMOUR, and SEYmouu, who did not
desire the nomination, favoured CHASE—who, on his
knees begged for it ; yet the one got all the votes,
and the other half a vote from a wild Californian.
The explanation lies in the conflicting interests of
the East and West regarding the National Debt.
Whatever CHASE was prepared to concede, and in
this direction he has gone too far for his reputation,
he could not surrender the coin payment of the
Bonds. The West gave up a point to the East,
which was known to be in the highest degree in-
jurious to PENDLETON'S interest. They proposed
that the Convention should substitute a simple ma-
jority for its old custom of two-thirds for the
nomination of a candidate. Had they secured the
adoption of the rule they desired they would have
elected their candidate, but the East would not lis-
ten to a repudiation platform coupled with a repu-
diation ticket, and the West consented to abide by
the rule of two-thirds in consideration of the adop-
ion into the platform of the repudiation planks,
with the right of carrying their candidate if they
could by the two-thirds majority. After a vigor-
ous effort in PENDLETON'S favour, this proved, as all
anticipated, to be impossible, and then the wire-
pullers had to select between CHASE and SEYMOUR.
The 'Western delegates, however, settled the ques-
tion. They determined to throw plumpers for

SEYMOUR, and to push him in failing their own
candidate, having two reasons for this course.
In naming an Eastern man this year they would
strengthen their claim to a Western man in 1872. If
CHASE, of Ohio, were now successful, the odds were

greatly against PENDLETON, of the same State, in the

next election, and there might be some chance of
SEYMOUR acting on the repudiation platform, while
in all respects more acceptable to them, but none
that CHASE would do so. Both the platform and
the candidates are hailed with an ominous satisfac-
tion by the Republican party. To have nominated
CIIASE would have been chaos, the result not to be
predicted. He would have broken up the Demo-
cratic party, but he might have influenced
to an extent none could tell the Republican
party, and to them the platform is agree-
able, in divesting their opponents, as they
think, of the last vestige of a principle
upon which the party was formed, while the
only new one it has taken up is the design of
cherting the national creditors. Slavery and seces-
' sion are abandoned; the restoration of the Southern
States demanded, as well as the withdrawal from
them of military despotism—but these are accom-
plished facts or in immediate course of completion ;
therefore, as the Tribune observes, they merely beat
the empty air. The " incidental protection" in re-
lation to the tariff, is not very encouraging to Free -
traders, and the declaration of the right of the seve-
ral States to regulate the suffrage is a mere repeti-
tion of the Republican doctrine as laid down at Chi-
cago. The denunciation of the Reconstruction
Acts as "unconstitutional and void," coupled with
General I3LAIR's manifesto, is imprudent, as