New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-04-21

OF Ihe boas S.:,;ng TO Toryism. They their side
euse tnelp hrntine" The Ulstermen sent deputa-
IetoIt owp 10 London. Mr. Lucas says: No mat
.o1 sr never contributed pound to the fund They
M h,9g the pledge breakers" to task before their
VII S,Yg is, "the Bishops and Clergy
v.,....I Debt and Government Policy.
From the London Times
TIE resolutions before u.s. and we must say that they
IL more ike what scholars call rdts or an creTcat0to
xes than serious proposition to the Legislature. If
aonld suppose student calculating or attempting
siculate number of equivalent securities, varied by
- rstber than any reference to the wants of capitalists,
hefore Us the results of his morning specuatOns,
ly preserved if they had cost too much labor to
S thrown into the waste paper basket The Chancellor OF
a. Fxcbeauer offers many four alternatives IN return
= ono securty for il is substantially description that
with This contrary to all the rules of prudence
es for the originator OF the bargain great part of
nat responsibility that usually and properly attaches TO the
~rsons 10 whom the bargain prOpOunded. The former
boud leave the latter TO make counter bids that IS equva
an offers he likes but should rest his own case on one
srsfuly considered proposal As it, is the creditor will
snlv examine the four proposals gratuitOusy placed be-
Sre him and choose that which he thinks best This has
already been done by the sku cacuatorS OF the city and
shav have fixed on of the alternatives which will ev
IDENTIFY carry the daytha is would carry the day should
The resolutions ever pass into law
NJ Gladstone first deals with peculiar stocks which
..sr M otberpurpose than to cucumber the quotations
"a nerpex the unnitiated These ought long since to
have been reduced to description That is now pro-
rosed 10 be DONE and if the resolutions become law the
vary
Their holders are summoned TO accept of four aerna
lives the last three of which offered also to all holders
Of Consos or per Cents reduced The four alternatives
are: fl00 money for every HOO stock or ts2 lOs oil
new 81 per cent stock guaranteed against reduction for 40
wears or clio of "a per cent stock, with like
guarantee; Exchequer bond for BOO bearing inter
est at per cent for 10 years and "a per cent for 80 more
Why this last proposition with the incOnyenent feature of
drop in the interest after ten years. should ever have been
made we cannot conceive unless mere feat of cacu
hton or on the model of the vanishing sugar duties The
sny alternative however worth considering is the offer of
fliOn q Der Cents guaranteed till 1894 Surprising the
resolutions to adopted and all the holders of Three per
Gents to make this selection, it will save the country
quarter per cent on the interest OF about 1oOooOoooO
Three per Cents that is about Fl 100000 year; 4l10 at
"a Der being equivalent to 100 at % So far the
nua saving TO the country would be only halt that to be
anticipated from the scheme had described it.
But nasmuch it is proposed to increase the nominal
capital in this alternative from 800 to tllO that would be
addition Of 10 per cent to the capital subjected to the
process and in the year 1894 our descendants would
have thank for adding about fifty millions to the
national debt
We have no hesitation in laying it down principle
that whatever do, are not justified in increasing the
capital Of the debt We may increase the interest much
sweplease within reasonable limits and for amoderae term
years but to make bargain with the national creditor,
adding fifty millions to the debt when the children born
his year shall be forty years old, simply and solely in or
der to escape paying 81 year ourselves would be
nothing less than dgracefu and certainly most contrary
to the resolue sturdy sedenyng spirit our recent com
ner and financial legislation 1t to this point that the
shall devise of diminishing our fatal inherit
ance Of debt will indeed place in the first rank OF
British statesmen Now that the great names OF the last
long and glorious becoming historical, we may
complain that Of this day have such opportunity OF
distinguishing ourselves One way however is open to
those who would win place the memories of that spen
did era The man who devise means for paying on
the debt Of the may well rank with the statesmen who
and the great captains who fought 1t by sea and
BY land II Mr. Gladstone would tell how to extingush
the capital Of supendous debt by the end of this cenu
M he Uorrhf no add of
year TO our present burden His proposition, little as we
expected from such quarter quite in the other drec
NON ourselves at the expense or at least at
me nst Of our children Mr. Gladstone evidently does not
so great preference for this particular aterna
I'VE to postery the option of reducing our debt
nunoed millions that is, supposing the 1872 los at
Yf cent generally accepted. But unfortunately postery
moi mere to make its choice the choice is to be made
nov py hvng capitalists and they will undoubtedly select
alternative that spares themselves at the expense OF the
io years hence In another part of our impress
on suggested that the Resolutions be at once amended
me omission Of this alternative and we cannot but
~ mat us surrender will come with more grace now than
y 'ne END Of a Parliamentary struggle.
The Queen gave birth to another son; at Buckingham
mace az quarter past o'clock r NJ. OF 9TH inst Mother
sno end are as well can be expected &c There were
ssent on the occasion in the Queens apartment Prince
o Ds Ut Locook and Mrs Lily the nurse. In the ad
me Duchess Of Kent the lady in waiting the Earl of Aber
s Iaii Granville, Duke Of Norfolk Duke of Yelling
IN DSke Newcastle Marquis of Lansdowne Marquis of
Icrd ehsnsp Duke Of Argyle Lord Pamerston, and the
s nsneeor Of the Exchequers proposed for
in fnsnc;s " me national debt excited much attention
40 th oieiss The details of the plan submitted
Shsnnar ou friday night sth inst The PLAN said the
Artcle) ~'u ua'o ihree portions toee money
~, oner business in Parliament has not been important
had no n,u. :" 'ne Exchequer stated that Government
,.s nv 'enuon az present to adopt decimal currency
although admitting the importance and 80 M y,ent tie
49,: y, sucn standard thew would assent TO its
oohS reeffeu 10 COMMITTEE Mr. 0;y;era brought for
aid nus moton to reduce the import Snt on French wines
JelarS - PEI sSoh inc Chancellor of the Exchequer
The nronosI "a ~ On financial grounds to accede TO
me proposal ana so the motion was Withdrew the Chan
celor however would make further .,a,a, on Che stb
"A OIL 10 punish assaults Committed nn ,so,nan and
children was under discussion, and Lord ,ade
some effective remarks against Corporal r,hnt On
thursday both Houses voted addresses f nnotot;on
20 he queen Some discussion took place in b lords ON
me affairs OF India and also the NEUTRALITY-SUSPICIOUS. az
ne business OF the New Zealand Emigration Comnanv
Inc evening was wholly occupied by the Coomons in a
Sspsie on the subject of the IRISH Consoids,ed ,n;,ies
following more detailed abstract Of the onarters
mad ~ nan that received by last mail Acconnts are
a. 70 Sth April, inclusive and the balance of
year Ri WIN The corresponding period of nreceding
'i'' which is accounted for thus:
On Excise INCREASE
IN stamps -'.-------.-...-...... f2s 5l7
On Property Tar OBSERVATION-DISCLOSURES. l4I 764
On POSTUM ''''-'-..-.-.-...--- s3,iO6
--'.....-........ % 600
Imprest and other monies fa766s7
Repayment Of advances .'''.............- so655
Quarters Total Revenue.
bEoREAsE
Sus'oins --''''-'---...... e,so,oa