The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-03-20


ponG OF the most Holy Catholic religion, should
have in defence, IL we upjusy attacked innu-
mersbs .oas who would defend the centre Of Catholic
great blessing among the many which Heaven hath i'm
parted 10 Italy inst Of have
400 900 900 CT brothers or every nation snd ~ every
tongue This was n more dangerous times snd in the
confusion OF the whole world the safeguard OF
Rome. lis for this the ruin OF Italy com
pste This will ever be- her defence, so long this
Apostolic Sec shall resd, in her oeuire. Oh then,
great God, shower thy blessings on Italy and preserve
for her tois most precious boon Of all faith ess her
With the bepedoton that Thy vicar Frustrated before
Thee humby densndeth, Bless her with the btnedie-
Of Saints protects her the Apostles whose glorious
relies she preserves thy Incarnse Sor who sent HIS
representative upon earth to reside In TINS same Rome
Gsk OF Thee!
The Financial Condition Of Great Br'taln-An.
crease Of Taxes.
In the Uouse of Commons, the 18th ut. Lord
John Russell made his financial statement for the
In a tone of voics depressed compared with his
uual confident style of speaking that had consider
able difficulty in catching his aning He said he felt
that he could very iEadsqnatsy lay before them tho
outline OF tie financial policy OF the government aud
he therefore, intended to leave to future discussion
greater portion Ct the argumentein support Of that
policy The noble lord then luded to the recent diff
cuties through which thu country had passed stated
the transitions which had taken place in tie
value of commodities and in the rate Of discounts with
in the last eighteen months and also drew attention
to the amount Of bullion in the bank ct the periods
corresponding with each transition, In order To snow
the severity Of the pressure upon tbs msr Ca
revenue, which had also materially suffered, owi,g
the decrease Of prosperity and to
the consequent decrease in he consumption Of excissbe
commodities Ocirg 10 the commercial rieissudes in
April and again IN October the greatest houses they
ered The sreatsf ics.ss and tbs ms5crfune in eonjnme
on ,0,h s .me I" Ireland hsa been s,S h S, h.
year showed excess of expenditure over income OF
more Than e. ooo Of which, however, 1000
for relief ia Ireland The estimates OF last yesr
Esq $50 600 For this year he estimated from the
ordinary Of only f5l 25o 600 leaving
navy and the Kafir would amount to e. All 900
lie elt his duty 10 lay this state OF Things before the
sufficient time to take the whole matter into oon-
siderstion before they to the consideration
to them to pursue to meet this dehcisncy; but
all he proposed to do on that occasion ives to
state the whisn seemed to the government the
ore mos, advisable to be submitted to the oosderson
of the house when deciding whether that course or any
other .hould be acted upon One great question they
must decide Their they must supply the defoisn-
cy he had laid before them by taxation to
the rsso ron az making reductions IN their m.ary
essat"shmsnts Some extreme opinions had recently
bsen put forth respecting the dsf.nccs OF the country
On the one hand t said that we were detencele.s
against foreign ncursioo whils the other hand,
maintained that estsbs hmsns too high
scale of expenditure In considering this question
he would once state that there nothing in
foreign relations which would lead to fear rupture
of the existing No one was more than
particularly with France and nothing could be further
from the thoughts Of the Duke of Wellington than hint
ING at the possibility of war Indeed he knew 1t gave
the iustrous duke great pain to fluid that publicity was
given to which he bad expressed Ia confidence
The noble duke in the habit Of communicating his
views to the the state of our national
defences; but nothing could be than his
trfotsm he was not grstied to find publicity given to
pendence Of this country guaranty for the safety
OF others He stated thus much, partly because he diff
ered from the nobe duke ON some points and partly bs
cause he felt IL to be than justice TO one who
however wronged, always scorncd TO defend himself.
The noble lord then to state all that had been
done in the Of increasing our since
the 1885 in order to show that neither the govern
ment Parliament had been negligent. The late
vernent had organised the old pensioners to tbs
Der Of 10000 all times available and in addition
to these they had the batsons and the coast
ausrd, to which were attached supplemental force
Of the country, amouating TO 5000 men In this
country would be increased to 60ooo by the return f
some regiments from India The CUES ion then arose
TO WHISTLER they should make great reduction in this
force or largely increase it, continue it, adding to its
present strength from time to time they had hitherto
done, and occasion might require, and he satisfied
with those additions The view OF the government was
that this great country with lite extensive colonies and
exposed to tbs possibility OF war would pot act wisely
ia reducing ,ha Expenditure o. the oeuntry Within the
for sudden srnspert ofsny kind because at
the present momsnt the nation in 81 state Of de-
fence and 10 position calculated to guaranty the con-
ti1uance Of peace The noble lord then entered into
statement Ct naval strength, particularly in etesm
ygaion gave greater facilities for tho invasion OF this
country it ALEC to this country greater advantages
in watching the ports of its enemes He did not pro-
pose Increase to the number 81 the army but in the
sappers miners increase would take place the
-ut Of which including stores c would swell the esti
by the OF f35s 900 He proposed also TO bring
in a bill to embody the militia, rather to lay foua-
tstion Tor efficient Diiitis, the expense Of which
would DO fI5OCOO In addition to the usual of
sxpen diture OF { 100 0J0 for the Kai- war;
aod all added together he would not estimate the
pendisrre OF he coming yea at lees than Goa s9oooo
IL evident therefore, that If the government
tight in its view of the mpolcy Of reducing lsrgsy the
Establishments Of the country they must not only renew
tional taxation to mske up the deficiency OF income
to meet the expenditure. Any attempt TO raise
by re-imposing the taxes taken Of articles
If consumption would be in his opinion very unwiss
The government therefore proposed to renew the pre-
April and in addition that the tax should De raised Tor
period Of two years from "a in the pound to I'D
from to Per cent Considering the distress which
lad recently prevailed in Ireland he did not propose TO
extend the tax TO that country He did not think this
ucjust 10 England, for If Ireland were crushed by
weight OF taxation the r.sut to England would be
almost equally d.plorable He proposed the tax should
be imposed in the ssue manner as it had been in past
years aud the principles which governed its
application in the days OF Pitt and Gfeavi!e. There
tax which 1t WIS proposed te repeal-a tax
copper ore which had been imposed in 1912 That tax
had done much injury to tbs smeters aud had been OF
no benefit to tue owners OF copper mines, and pro-
ucsd only cal 600 1t thought advisable to propose
ts abolition The total income including the increased
income tax, would De, according to his estimst-,
G54 $50 600 while the expenditure would be f54 637 000
leaving surplus OF fll30o0 "a isugh). The noble lord
concluded by moving series Of resolutions In accord
snce with his speech and ntimsted that Monday
week be would again move for acommittee OF ways and
In order to take the Of the hcuse upon them
MIR. HUME said he never heard q STATE nent Ia that
House with more pain than be experienced while listen
ing to tn. noble lord SO for from being SEP toards
securing the Of the count D. he beisred the
proposed one the most Likely Of alt others TO lead
MIR BAsKEs objected to the proposed increase In the
navy oontendiog that the force In the Tsgus had beer
properly distributed there would be occssion tor any
such procedure. He also strongly objected to the in
come tax proposed by the noble lord.
Mr.. OSBORNE thought the present budget of the
most unfortunate propositions which had been
brought forward and said that IL there had been
psot opposition ready to take the places of the present