The southern press. [volume] (Washington [D.C.]) 1850-1852, 1851-04-21
ARRIVAL OF THE PACIFIC.


ARRIVAL OF THE PACIFIC.
THE QUICKEST PASSAGE ON RECORD.
A Ministerial Triumph Great Earthquake in
Asia-Resignation Of The Milan Ministry
No Change in Cotton.
New YORK, April 10.
The steamship Pacific, Of the Collins line,
Capt Nye arrived at Quarantine this morning
at ten o'clock, having left Liverpool on Wednes-
day, April 9th, at 2 p. m.
This makes her running time just nine days
and twenty hours, which is the quickest passage
ever achieved. The only voyage comparable to
it was that made by the same vessel last summer,
when she took only ten days and four hours
Considering the time of year, this last trip is as
tonishing, and sets the question of the compare
tive speed of the American and English steamers
at rest--at least for the present.
The London Economist of the 9Th, states that
the agricultural crop is likely to be seriously az
fected by the weather, according to present in
dications.
The London bankers think that California
gold will psrma aently reduce exchange between
England and the Unitdd States, to the specie
point
The Pope has determined to grant only n
limited number of passports to travellers deslr
Gus to visit London at the time Of the Worlds
Exhibition None but Cardinals and Bishops
" i'll be sent over
In France no definite Ministry has been formed.
ENGLAND.
A satisfactory settlement of the ministerial
difficulties, says the London Sun, of Tuesday
evening. April 9th, appears to be altogether i'm
practicable until after dissolution. With the
House of Commons, as at present constituted
there really cannot by possibility be any stable
adjustment of an administration. To adventure
upon any such extraordinary step would how
ever, be just now, 10 say the very least of it, in
the highest degree inconvenient. Therefore il
is that the Legislature is disposed to accept the
return Of the present administrators to Office in
preference to what would be yet more unsats-
factory-namely, reference of the question at
this particular moment to the opinion of the
electors throughout the united kingdom.
Rather than leopard the whole OF the gigantic
scheme of the Industrial Exposition, the people
themselves are prepared to submit to the perpe-
tuation in power of the present cabinet. Until
the autumn, consequently, it is anticipated that
the affairs Of the nation viii he allowed to re
main in their present lanentable state Of con-
fusion-when, the impeachment previously stand
ing in the way of an appeal to the country being
removed, the constituencies will again have the
privilege Of selecting the most eligible Of their
respective candidates.
SIR CHARLES WOODS SECOND BuDc Er.-The
Chancellor of the Exchequer proposed his second
budget for the season Of Friday night, the 4th
inst. and it seems to have been somewhat better
received than the first II is not so much new
budget at modification of the old one
The ministry, on the following Tuesday, OBJ
,.,p ~ pf victory n nofiou i'm
the house to prevent the continuance of the in
come tax. offered by Mr. Herries The PROPOSE
ton was presented in the shape Of an amend
ment to the report Of the committee OF ways
and means, and ran as follows:
Res7,red, That it is the opinion of this house
that the respective duties in Great Britain, on
profits arising from property, professions, trades
and Offices, and the stamp duties in Ireland,
granted by two acts passed in the sixth year Of
her present Majesty, and which have been con-
tinued and amended by several subsequent acts,
were granted for limited periods, and to meet
Temporary exigencies; that it is highly expe-
diem. 70 adhere TO the declared intentions Of
Parliament when these duties were granted and
continued: and, in order o secure their speedest
procticable cessation to limit the renewal cfany
portion of them to such an amount as may be
sufficient in the existing state of the public re
venue. TO provide for the expenditure sanctioned
by the Parliament, and for the due maintenance
of public credit
The right hon gentleman entered at great
length into the financial history of the country
during the last ten years, and explained the rea-
sons which had induced Sir Robert Peel to pro-
pose the imposition of an income tax in 1912
He then proceeded to quote at great length from
the speeches Of Lord John Russell, Sir f. Barring
Lord Howick, Mr. Labouchers, and Sir Charles
Wood. against the imposition Of the income tax
when proposed by Sir Robert Peel. aud called
upon them to explain the reasons which had in
duced them to change their opinions.
The chancellor Of the excbequer replied that
in I845, the income tax had been renewed, not
in conjunction with, but ~ a substitute for i'm
port duties, and M the basis Of the great expert
ment of the free trade He therefore, followed
the example of Sir R. Peel--poposed it's re-
newal for three years. in order that they might
continue and garry out free trade principles. He
denied that he intended to make it permanent
tax. but he would rather zee II permanent than
con en-, to re imposition of the duties on corn
Mr.. F. Peel supported the rc-imposition of the
income tax for the purpose of carrying out the
principles of free trade the prorosition OF the
hon. member for Stamford was retrogade step
The House divided, when there appeared
For the original proposition 278
For Mr.. Herries's amepdment, $50
Majorit, for ministers -4s
FRANCE,
Various attempts at forming permanent mn