New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-03-07
Datss from Liverpool and Lsnden Feb. 2ed,
Paris 2oth.

Paris 2oth.
The Pacfdc sailed from Liverpool at past ).
PM, February go; lost hours by ice on the
Banks; came in contact with the ice in i3o go N.
latitude, and sos through it in t2' 30. leaving
very extensive fields to the southwark; also, saw
many large cebergs
The Franklin arrived at Cowes at ,, P. NJ, on
the Goth, after passage Of less than l2 days.
The Arctic arrived at Liverpool on the night Of
Sunday, February l6, making the passage in II
days.
Political Matters.
The political news is Interesting 10 the extreme.
On Monday the Chancellor Of the Exchequer
brought his budget before the House OF Com.
revenue for the year was 81 500 900, nearly half
Of which he proposes to spply to the liquidation
of the National Debt. With the remaining por.
ton OF the surplus he deals a. follows: He pro-
poses to abolish the window duty altogether.
which produced 81, 100000, aud he imposes q
house duty, which is estimated TO yield II, l00,.
coo. All houses under t2o year are TO be ex-
empt from the duty; those above t20 year are
20 pay two-thirds Of the amount now paid for win
cow duty. New houses, shove the value Of f2o,
are hereafter to be charged ct the rate Of five per
cent, excepting shops and farm houses, which In
certain cases will only pay Cd in the pound. BY
this Arrangement he contends, 100 600 houses
will be exempted from taxation altogether. The
duty on coffee Of all kinds is to be reduced from
cd 10 Sd per pound, and foreign chicory ID to DO
charged the same duty as coffee. The loss TO the
Exchequer is calculated az El70.000 This 10 con-
sidered to be the most judicious feature in the
budget. To encourage ship.building, the Chan
cellor proposes TO remit half the duty GA foreign
timber, the loss on which will be t2s0,0o0. Tho
reduction Of the differentisl duty sugar this
year will entail loss of t330,000. Tho other re-
missions are; 100000 on seeds used by farmers.
and El50,000 at present incurred by the agricui'
tural districts for the convey ance oil pauper luna
tics. which is to be transferred to the Consoida-
ted Fund. He also proposed to continue the In
come Tax for another three years, and with these
statements called upon the House to sanction the
estimates
Budget was to have taken place Friday night.
Feb 81, but Lord John Russell begged, amid the
profound silence Of the House, 70 have Il post
poned till Monday next. This motion was agreed
10.
The next morning, however, the North OF Fog
land was taken by surprise on learning the follow
ing piece of news received by telegraph from uu-
questionable authority: The Budget has been
withdrawn, and it is reported confidently ABOUT
the Houses OF Parliament that the Chancellor oil
the Exchequer has resigned that Lord John nus
SELL il is understood, has also rendered ms resiB-
nation, and that Sir James Graham, AZ the rre'
mier suggestion, has been sent for. The greatest
possible excitement prevails and RI NOR, with her
thousan tongues, announces all kinds oil dubious
reports"
On Thursday, Feb 90. the Government received
q most signal defeat, from the ELECTS OF whicah
was almost impossible they should recover M.
Locke King moved for leave 10 bring In bill to
make the franchise in the English and Welsh
Counties somewhat analogous 10 the franchise In
the boroughs by giving the right OF voting 70 all
occupiers of tenements OF the annual value oil
80 Lord John Russell opposed the motion, az
was natural, but when the House divided, 100
members voted for the introduction OF the bill and
only So against it, leaving the Government In tho
formidable minority Of forty eight.
The returns of the Board OF Trade, issued dur
ing the last few days, show thatthe Exports from
this country amounted in 1850, to more than
go 0OO. 900; ia l549 TO 5000 900, and In l5f5
TO f53 600. 600, rate of increase without par
relief In the history of the country. In these re-
turns, Cotton goods stands foremost among the
articles Of export the exported value amounted
in le49 to f2G,775,O0o In 1850 to t2S,2oO,0oo.
This increase 10 the more remarkable, as the price
of the fibre has increased during the last
two years upward of IS per cent, and the con-
trast is the stronger if we go back to 1910, when
the price OF the raw material was low, and when
the exported value YVES only t2l,0OO,O00. The
Woollen Linen and Silk trades all evinoe the
same gratifying improvement
Lord John Russell has rendered his resignation
to her Majesty, and only holds Office until another
Government can be formed The extensive loss
Of Parliame Rtary confidence, or rather Paramen-
tary sympathy, which his Lordship and his col
Leagues have evidently suffered OF late has prob
ably prepared most Of our readers for this result
What sort OF Government are we TO hayef "A
new one altogether or a reconstruction, for az re-
CARDS the critical principles and personal charac-
ters of the men, there is no reason why Cabinet
should not be formed with Lord John stu Tor
lender, but with several new MEMBERS including
two or three from Dir Robert Peels Adminstra'
tion but the Wings are generally averse TO CO.
aliton.
They come in and go out together, and much
the public will undoubtedly lose by the sacrifice
of the old Cabinet. We can scarcely hope to see
any part of it in a new combination. What may
the Pfotectionists expect out oil the present Crisis
if summoned to her Msjestys councils, and COM
PEELED to dissolve Parliament They can only
pledge themselves to the constituents to enhance
the price of bread and all other food and to throw
away the legislation OF the last twenty years
Their fate on a general election Is too evident
they would only meet Parliament TO be beaten on
the Addres-to leave public affairs In the great.
est confusion-perhaps to incur the necessity OF
another general election. which would very PROB
ably throw the Government ultimately into the
hands of the politicians, with whom they icei
much less sympathy than they do either Tor the
friends Of Lord John Russell or for the admirers
Ct Sir X. Peel We have little doubt, from the
numerous independent statesmen OF our DAY,
Government could be formed that would deserve.
and generally receive, the cordial support OF those
who are at present in power. The most desirable
object is union All should combine 10 prevent
even a moments success OF the Protectionst I'M
The question of free trade ought not TO come
again before the country. IL Ii too serious ana
too sore subject to be re-opened, especially ~
the rough process of general election. Au wise
men should combine to avert the peril, and should
combine 10 give fair chance to Whatever bodyof
the liberal statesmen her majesty may summon
70 her councils.
The other London Morning Papers contain no
announcement Of Lord John Russell resisnauon'
The Adrertiser states that the Conservatives can
not come 10 any unanimous conclusion.
cId.,ora ,yiII NOT touch free trade, nor agree 20