The southern press., 1851-04-23
ARRIVAL OF THE PACIFIC.

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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 permanently reduce exchange between
England and the Unitdd States, to the specie
point.
The Pope has determi2ed to grant only a
limited number of passports to travellers desr-
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 im-
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 now
ever be Just now, 10 say the very least of 1t, in
the highest degree inconvenent. Therefore it
is that the legislature is disposed to accept the
return of the present administrators to Office in
| preference to what would be yet more unsatis-
| factory-namely, a 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 will be allowed TO re
main in their present lamentable state Of con-
fnsion-when, the impcdiment previously stand.
inc 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.
SrR CHARLES WOODS SECOND Bupc ET.-The
Chancellor ofthe Exchequer proposed his second
budget for the season Of Friday night, the 4th
inst. and Il seems to have been somewhat better
received than the first. II is not so much new
budget at a modification of tho old one.
The ministry, on the following Tuesday, OBJ
timed an important victory upon motion In
the house to prevent the continuance oft 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:
aRes4loed, That II 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 exipencies; that 1t is highly expe-
| dent TO adhere TO tho declared intentions Of
Parliament when these duties were granted and
continued and, in order % secure their speediest
practicable cessation, to limit the renewal fany
portion Of them to such an amount as may be
sufficient. in the existing state of the public re.
venue. 10 provide for the expenditure sanctioned
by the Parliament, and for the due maintenance
Of public credit"
The right hon. gentleman entered ut great
length into the financial history Of the country
during the last ten years, and explained the rea-
sous which had induced Sir Robert Peel to pro-
| nose the imposition Of an income tax in 1912
lie then proceeded tn quote at great length from
the speet hes Of Lord John Russell, Sir +. Barring
| Lord Howick, Mr.. Labouchers, and Sir Charles
i Wood. against the imposition OF the income taA
when proposed by Sir Robert Peel, and called
upon them TO explain the reasons which had In
duced them to change their opinions.
The chancellor Of the exchequer replied that
IN Is45, the income tax had been renewed, mol
in conjunction WITH but as substitute for i'm
port duties, and as the basis Of the great expert
meut Of the free trade. He. therefore, followed
Inc example Of Sir r. Peel--proposed its re-
newsl for three years, In order that they might
continue and carry out free trade principles. He
denied that he intended 10 make It permanen,
tar. but he would rather see II permanent thar
con ent 10 a re imposition Of the duties on corn
Mr.. r. Peel supported the rc-imposition OF the
income tax for the purpose Of carrying out Oh,
nrinciples Of free trade the proposition OF The
hon member for Stamford was a retrogade step
The House divided, when there appeared
For the original proposition 27S
For Mr. Herries's amendment, $50
J, Majority for ministers V --4s
FRANCE
Various attenpts nj forming permanent min