Richmond daily times. [volume] (Richmond [Va.]) 1850-1853, 1851-03-11
IMPORTANT FOREIGN tlsTg.+LIG lNCa.

DEFEAT and Rcs4fs1atiaa Of The British lNi7;styu-.
frahce d'as .stEsfed aoith German AHianceS.-
austria ay:a Prussia uniting torces.-Ercite-
mlem ~ italy Trouble in Eeu5t.
=, Inc posica news is interesting in The extreme On
Monday the Chancellor of the Exchemer broucbt his
budget before the House of Commons from which il
appeared that the surplus for the wear was e.
3oo QUO, nearly halt ofwhich he PROPOSES to sppv to
The liquidation OF the National Debt. With the re-
naming portion OF the surplus he deals as follows:
New houses. above the value of EGO, are hereafter
10 tie charged at the rate Of five per cent excepting
SHOPS ana farm houses which in certain cases will only
pay 20 on Inc pound. By this arrangement he con-
tends l6o,ooo houses will be exempted from taxation
altogether
tie proposes TO abolish the window duty altogether,
"hicn produced I'll 100000, and he imposes house du-
W whcn is estimated to yield El 1000. All houses
onder Nv year are TO be exempt from the duty; those
ABOVE izo year are to pay two thirds of the amount
now paid tor window duty
he duty on Coffee OF all kinds is to be reduced from
spehce 10 three pence per pound and foreign Chicory
IS 10 De charged the same duty as Coffte
ne loss to the Exchequer s calculated at tl70 600
III. Is considered 10 be the udicious feature in
The budget.
10 encourage ship building, the Chancellor propotes
10 remit nan the duty on foreign TIMBER the loss which
will be f2S0,000
The reduction of the differenal duty on SUGAR will
entail loss OF 1880 0O0 The other remissons are
$50 GOO seeds used by farmers and fl5OO0O at
sent ncsrred by the agricultural districts for the con
veyance OF panper unacs which Is 10 be transferred 10
the consolidated fund. He also proposes TO continue
the Income Tax for another three years and with these
statements calls upon the House sanction the esti-
mates
The debate upon the main tatnres of the Budoet
was to take place last night, but Lord John Russell
begged amid the profound silence OF the House to have
it postponed till Monday next. This motion was agreed
to.
The next morning, however, The North of England
was taken by susprise on ming the following piece
otnews, received by telegraph from unuuestionable a
thority: The Budget has been Withdrawn, and it is
rtSdp pfIJ f!tn l,o,,t a.. n. r
that the Chancellor OF the Exchequer has res igned
that Lord John Russell is unde has also ten
dered his resignation, and thai Sir James Graham at
the frem er,s suggestion, has been sent for. The
greatest possible excitement PREVAILS and rumor, with
her thousand tongues, announces all kinds Of dubious
reports"
On Thursday, Feb. 90, the Government received
most sigma defeat from the effects OF which it was al.
most impossible they should recover Mr. Locke
hlng moved Tor leave 10 bring in bill TO make the
franchise in the English and Welsh Counties some
what analogous to the franchise in the borougbs by
giving the right OF voting to all occupers of tenemens
OF the annua value of fl0. Lord John Russell op-
posed the motion as was natural but when the House
divided, 100 members voted for the introduction
OF the bill and only 50 against it. leaving the Gov.
ernment In me formidable minority of forty eight
From the Times OF ed Feb
Lord John Russell has rendered Lis resignation to
her Majesty, and now holds Office only TIL another gov
eminent can be formed The essential loss of parlis-
mentary confidence or rather parliamentary sympathy
which his oidship and his colleagues have evidently
suffered OF late, has probably prepared most of our
feacers Tor this result. What sort of government
are we to have! new one altogether, or a re con-
sGucton! So tar regards the principle and character
OF the men, there is why cabinet should not
be formed with Lord John Russell still as leader but
with several new members, including two of those from
the late Sir Robert Peels administrations but the Wings
are generally averse TO coalition. They come in and
60 out together and so much will undoubtedly be lost
by the sacrifice OF the old cabinet, we can scarcely
nope to see any part of ii in new adminsti alton
what way the Preteciionss will get out of the present
crisis, summoned to her Majesys councils and com
PEELED to dissolve parliament. They only pledge
themselves to the constituency to enhance the price Of
bread and all other ood and TO throw away the legis-
laton OF the last twenty years Their fate Oh general
election is too evident. They would oay meet para-
men 10 be beaten the address put the public affairs
IN the greatest confusion, perhaps incur the necessity of
another general election perhaps TO throw the gov
eminent ultimately into the hands OF politicians with
whom they feel less sympay than they do either
Tor the friends Of Lord John Russell or for the ADM.
rers OF Sir Robert Peel
we have little doubt that from numerous ndepend-
ent statesmen OF our day government could be formed
mat would deserve and generally receive the cordial
support OF those who for the present in power
! he most desirable object is union All should COM
blne to prevent even moments success of the Pro-
tectionlsts' imposture The question OF free trade
ought not to come again before the country 1t is too
serious too sore subject to be re-ope ned especially
by the rough process OF general election. All ise
men should combine to avert the peril, and should
combine to give fair chance to whatever body of the
liberal statesmen her Majesty may to her coun
ellis"
by Electric Telegraph
LIVERPOOL, Feb 80
The Times of this morning, ed, confirms the ru-
mored rs''gnation of Ministers. Lord John Russell
and colleagues resigned their trusts Yesterday. No
new administration has yet been formed.
The returns OF the Board of Trade, issued during the
las. lew days. show that the exports from this country
to :f63 coo Goo, and in s4s to $4,000 600, rate Of
increase without parallel in the history of the coun-
try. In these returns cotton goods stand foremost
amongst the articles OF export, the exported value
amounted in lS49 to Frs IT'S 900; in 1855 to CPS ESQ.,
600 This increase is the more remarkable as the price
OF the bres has increased during the last years up
wards OF 70 per cent and the contrast is the stronger
il we go back 1910, when the price of the raw ma
terla was low and when the exported value was only
Ell 600 COO
The wooden, linen, and silk trades all evincs the
same gratifying Improvement.
The other Lopdcn Morning papers contain no an
OF Lord John Russe's resignation The
Advertiser that the Conservatives cannot come to
any unanimous conclusion. Mr.. Gladstone will not
ouch free trade, nor Lord SANKEY'S Protestant
views respecting the Papal Aggression.
MISCELLANEOUS.
The American Minister had grand reception on
Thursday night, February 20lh, at the American Lee
CATION in Pccadilly, London; and Notwithstanding
the very unavorable state OF the weather. it vas bril-
liant affair.
The authorities of outhampton have received Off
ca information that number OF exes detained in Tur
key would shortly arrive at that port.
The Catholics OF Ireland and England have common
ced formidable agitation against the Minister mea
sure in reference to their religion. Meetings have been
held in Manchester, Dublin, &c
The weather is extremely mild.
FRANCE
ELLAN EoUs,
The most vigorous circumstances are being made by
the Government against the entrance of Austria with
all her States into the Gernanic Confederation. Moth.
ing s talked OF in the diplomatic world but protocols,
ntmatums and casuS belH with regard to this question
The tone OF the Eysee is wailke: that Of the organs of
the Assembly vehemently opposed to all demonstra-
lions OF energy on the part OF the Executive The Go
vernment have sent considerable reiniorcemens to the
Army OF Rome, so as to put the expedition on war
footing The second Council of War sitting at Lyons