The daily crescent. [volume] ([New Orleans, La.]) 1848-1851, 1851-04-28
Latest Intelligence from Eur0peI

AosOsS AntoAA8CAhCo HUM G1eTUPcs
ARRIVAL OF THE PACIFIC.
The steamship Pacific, of the Collins line,
Capt Nye, arrived at Quarantine, Staten Island,
on Saturday morning, tie 10Th inst, at 10 o'clock,
having left Liverpool on Wednesday, April 9th, at
two o'clock in the afternoon.
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 Consider
ing the time of year, this last trip is astonishing,
and sets the question of the comparative speed of
the American and English steamers, at rest-at
least for the present..
The news is not of great general interest. Lord
John Russell had won an incidental triumph in the
Commons
The London Economist, of the 5th, received by
the Pacific, states that the agricultural crop is
likely to be seriously affected by the weather, ac.
cording to present indications.
The London bankers think that California gold,
VIII permanently reduce exchange between Eng
land and the Uni ed States to the specie point.
The Pope has determined to grant only d limited
number OF passports to travellers desirous to visit
London at the time of the Worlds Exhibition.
None but cardinals and bishops will be sent over
In France, no deinitive ministry had been
formed.
A satisfactory settlement of the Ministerial diff
cnltes says the London Sun, of Tuesday evening,
April Sth, appears to be altogether mpracticable
until after dissolution. With the House OF Com
mons, at present constituted there really cannot
by any possibility be any stable adjustment Of an Ad-
mnstration. To adventure upon any such extra
ordinary step would however, be just now to say
the very least of it, in the highest degree inconve-
nent, Therefore it is that the Legislature is dis
posed to accept the return of the present Admins
more unsatlsactory-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 perpetua
ton IN power OF the present Cabinet. Until the
autumn, consequently, it is anticipated that the
affairs of the nation will be allowed to remain in
their present lamentable state of confuson-when,
the impediment previously standing in the way of
appeal to the country being removed, the constitu-
encies will again have the privilege of selecting the
most eligible OF their respective candidates.
Bank Of England-A Court of Proprietors
was held the Sth, at 10 o'clock, for the election
of a Governor and Deputy Governor. The only
candidates Thomson Hankey, Jun. for Gov
ernor, and John Gellibrand Hubbard for Deputy
Governor They were of course duly elected.
Sir Charles Woods Second Budget-The Chan
ceor of the Exchequer proposed his second budget
for the season on Friday night, the 18th inst, and
it seems to have been somewhat better received
than the first. 1t is not much new budget as
modification of the old He is reported to have
said in substance that
The principle of this budget and of all his finan-
cial proposals, was to do that which was most
beneficial to the mass Of the people-to the many,
and not the few. The Legislature had cheapened
food and Clothes there remained another source of
comfort to those classes, their dwellings, For
their sakes he had, last year, repealed the duty on
bricks, and he now proposed to reduce the duty on
foreign timber, and to improve their sanatory con-
dition by aifording them air and light Observing
that he was unwilling to force the relief respect
to pauper lunatics, and the reduction of the duty on
seeds, upon these who were indsposed to receive
them Sir Charles justified the other reductions of
duty he had proposed coffee and timber, on the
| ground that they were in accordance with the
enlg htened legislation which had been approved by
| the House OF Commons and the country.
A loud demand, he said, had been made for the
| unconditional repeal of the window duty, amount
ing to E1 ,S56,000 and ifhe assented to it he should
| leave himself margin of only E40,O00 to meet
| any demand for the Caffre war, and he must dsre-
| gard other claims oil pay more pressing importance
to the community. 1t was not the amount of the
tax, but the mode in which it levied, that rem.
| dered it obnoxious, and he thought that, if he
substituted tax the value of houses, he should
obviate this objection and meet all demands founded
| upon sanatory considerations. His proposal would
would have paid more than two-thrds of what h,
had paid before He admitted that the principl.
of uniformity, the same duty being charged upol
old houses and new, was the most just, though i
would not afford equal relief; he, therefore, nov
proposed, excluding all reference to the number O
windows, to charge uniform duty of Cd. in tn
| pound of annual value upon dwelling houses, an,
Cd. upon shops, victualers' houses and house,
used in the occupation Of land, whether old
exempting houses under $50. The result woul,
} he this He got rid of all reference to windows
! he reduced the number of houses paying the ia
from 100000 to 100000, he gave a benefit to shop
. and other tenements, and he relieved large mum
ber OF houses from taxation altogether. The loss
revenue would be FL, 10000, which, added to th
other reductions, amounting to E400,000, made a
aggregate loss Of FL ,536,00O, leaving permaner
margin OF I356,OO0 surplus for the ensuing yea
In the present year half the window duty would /
receivable, namely, S56s,O making a total
a 1sI4'ooo. These were the proposals he no
made TO the house, If it assented to the renewal
!. the income tax for time to be limited.
. MI Hume maintained that the application of Il
entire surplus to the reduction of taxation. esn,
cially the duties on malt, soap and paper, in refe
e ence to paying off any part of the capital of d
e debt, would be more advantageous to the comm
ell nifty. The income tax he considered less oppre
n sive than many other burdens upon industry. a,
;: would consent to ratio Of seven per cent in ord
r, remove various items of the excise and custo
d duties.
OF The ministry. on the following Tuesday, O
e, tained an important victory upon motion in t
Mt | House to prevent the continuance Of the ncor
n tax, offered by Mr.. Herries. The proposition W
es presented in the shape of an amendment to the
e. port Of the Committee of Ways and Means, a
it ran follows
g Res0tvsa, That it is the opinion Of this Hou
'h that the respective duties in Great Britain,
ot hts arising from property professions, trades,
ny offices, and the stamp duties in Ireland, granted